#FOMCMeeting *📊 Highlights from Powell's News Conference! 📊*

Fed keeps rates unchanged for 4.25-4.50% 📈. Here are the major highlights:

- *Interest rate decision*: Powell said rates will be held steady at this time, but rate cuts could occur later this year, depending on economic data 📊.

- *Inflation forecast*: The Fed has increased their inflation forecast for about 3% for 2025 ⬆️.

- *Data-dependence*: Powell stressed that policies will be driven by economic data and not outside pressures 📊.

*What does all of this mean? 🤔*

- The Fed seems cautious regarding inflation and economic growth 🌐.

- The Fed could begin to cut rates later in the year, subject to economic data 📈.

*Stay informed! 📚*

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