🚨 SUMMARY OF FED DECISION 🚨

1. Fed leaves rates unchanged for 4th straight meeting.

2. The Fed says uncertainty has diminished, but is still elevated.

3. Fed lowers 2025 GDP estimate to 1.4%, lifts inflation estimate to 3%

4. The Median Fed forecast shows 50 basis points of rate cuts in 2025.

5. The Median Fed forecast shows rates at 3.6% in 2026, 3.4% in 2027.

6. Interest rate futures increase the likelihood of rate cuts beginning in September.

The Fed pause continues even as Trump calls for 100 bps rate cuts.

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