According to CoinVoice, citing Jin10 data, John Velis, macro strategist at BNY Mellon, stated that no interest rate changes are expected at the upcoming Federal Reserve meeting, but the new Economic Projections Summary may impact the market. The dot plot will indicate that the rate cuts expected in 2025 will be lower than previously anticipated. Given that the market expects nearly two rate cuts this year, a more hawkish dot plot could disrupt the market.
The Federal Reserve has become increasingly cautious about the possibility of interest rate cuts in 2025. For most members who have shared their thoughts, inflation remains the primary concern. Given the ongoing uncertainty in policy, the Federal Reserve is unlikely to soften its stance on interest rates. After June, there are only four Federal Reserve meetings left this year, making it seem increasingly unlikely that there will be time for aggressive easing measures within the year. [Original link]
