FOMC Meeting: June 18, 2025 — Fed Expected to Hold Rates Steady?
The Federal Open Market Committee (FOMC) is meeting June 18, with the rate decision set for announcement on Wednesday, June 18 at 2 p.m. EST. Markets overwhelmingly expect the Fed to keep its benchmark interest rate unchanged at 4.25%–4.50%, maintaining the cautious stance seen throughout 2025.
Despite pressure from the White House for rate cuts and recent signs of slowing job growth, the Fed is holding off amid persistent inflation (2.4% in May) and ongoing uncertainty from tariffs and global tensions. The meeting will also include updated economic projections and the committee’s “dot plot,” which could signal whether officials still anticipate two rate cuts later this year or if expectations are shifting.
Chair Jerome Powell’s post-meeting press conference will be closely watched for any hints on future policy direction. Markets are now betting the first rate cut could come as soon as September