Here are the highlights from the statement #الفدرالي regarding the interest rate hold for the fourth consecutive time
📌 The Federal Reserve kept interest rates unchanged, while expecting two rate cuts in 2025, indicating that uncertainty regarding economic forecasts remains high
📌 The Federal Open Market Committee voted unanimously today, Wednesday, to keep the benchmark interest rates in the range of 4.25%-4.5%, as it has done in every meeting this year
📌 The Federal Reserve lowered its estimates for economic growth this year while raising its forecasts for unemployment and inflation
📌 It raised the average expectations for core inflation estimates to 3.1% by the end of 2025, from 2.8% in March, and lowered growth estimates to 1.4% by the end of 2025, down from 1.7% previously
📌 It stated that the unemployment rate remains low and labor market conditions remain strong
📌 Officials still expect a cut of about 50 basis points in 2025 and only 25 basis points in 2026 compared to 50 basis points in previous forecasts
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