#FOMCMeeting The Federal Open Market Committee (FOMC) recently concluded its meeting, with the widely anticipated decision to hold the federal funds rate steady at its current range of 4.25%-4.50%. This marks a continued pause in the rate-cutting cycle that began in late 2024. While inflation remains "somewhat elevated" and the labor market solid, the Committee noted increased uncertainty in the economic outlook, including the potential impact of tariffs. All eyes are now on the updated Summary of Economic Projections and the "dot plot" for clues on the future path of interest rates, with many anticipating the possibility of rate cuts later in the year, potentially beginning in September.