#FOMCMeeting Here’s a summary of the **Federal Open Market Committee (FOMC) meeting** currently taking place on **June 17–18, 2025**, along with key expectations and context:
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### **Key Details About the June 2025 FOMC Meeting**
1. **Dates & Timing**:
- The meeting spans **June 17–18**, with a closed Board meeting on the 17th to discuss monetary policy issues .
- The policy decision will be announced at **14:00 ET (18:00 UTC)** on June 18, followed by Chair Jerome Powell’s press conference at **14:30 ET (18:30 UTC)** .
2. **Expected Outcome**:
- The Fed is widely anticipated to **hold interest rates steady** at the current range of **4.25%–4.50%** .
- Focus will be on the **"dot plot"** (updated economic projections) and signals about future rate cuts. Markets expect **1–2 cuts in 2025**, likely starting in September .
3. **Economic Context**:
- **Inflation & Labor Market**: Inflation remains slightly above the 2% target, while unemployment is stable but showing signs of softening (e.g., rising jobless claims) .
- **Tariff Impacts**: Recent trade policies (e.g., Trump-era tariffs) have created uncertainty, though their full effects are not yet reflected in data .
- **Political Pressure**: The Fed faces criticism from the White House to cut rates, but Powell is expected to emphasize the Fed’s independence .
4. **Market Expectations**:
- **Rate Cuts**: Futures markets price in a **60% chance of a cut in September** and a high probability of at least two cuts by year-end .
- **Dot Plot Insights**: The median projection may align with March’s forecast of **3.6% federal funds rate by end-2025**, implying ~2–3 cuts .
5. **Upcoming Meetings**:
- The next FOMC meetings in 2025 are scheduled for **July 29–30**, **September 16–17**, **October 28–29**, and **December 9–10** .
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### **Why This Meeting Matters**
- **Policy Signals**: The dot plot and Powell’s commentary will clarify whether the Fed sees inflation as sufficiently tamed to justify near-term easing .
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