⚠️ FOMC June Update: Here’s What You Need to Know 🚨
1️⃣ The Fed kept interest rates steady at 4.25–4.5%, but two rate cuts are likely in 2025.
2️⃣ The benchmark rate is expected to fall to 3.9% by year-end, matching earlier forecasts.
3️⃣ The Fed skipped talk of high unemployment and inflation, hinting at less uncertainty ahead.
4️⃣ Growth forecasts were cut (GDP now seen at 1.4%), while inflation projections rose to 3%.
📌 Bottom line: The Fed’s latest “dot plot” signals rate cuts are still on the table for 2025.
What do you think—will these moves help the economy recover? 🤔