⚠️ BREAKING: FOMC Statement Summary – June Update 🚨
1️⃣ Interest rate remains at 4.50%, but cuts are expected in 2025.
2️⃣ Benchmark rate projected to drop to 3.9% by year-end.
3️⃣ Concerns over high unemployment and inflation were omitted, signaling reduced outlook uncertainty.
4️⃣ Growth forecast was downgraded, while inflation projection was revised upward.
📌 Key Takeaway: The Fed’s updated dot plot points toward rate cuts on the horizon.