Of course! Here are the key points from today's FOMC meeting (June 18, 2025) along with Chairman Jerome Powell's press conference in Urdu:
š¹ Key points
1. Interest rates on hold
The Federal Reserve kept interest rates at 4.25% to 4.50%.
No change in rates for the fourth consecutive time.
2. No rush to cut rates
Jerome Powell said: "There is no immediate need to cut rates at this time."
However, two rate cuts are likely in 2025, but this will depend on economic data.
3. Inflation and trade tariffs on the horizon
Powell said that former President Trump's trade tariffs could increase inflation.
Inflation reached 2.4% in May 2025, which is above the 2% target.
4. Economic growth forecast downgraded
GDP forecast downgraded.
Inflation is expected to average 3% in 2025.
Unemployment remains low and the labor market is strong.
š£ļø Jerome Powell's key statements
"Uncertainty is high, but we remain focused on keeping inflation in check."
"The future of interest rates is entirely data-driven."
