#PowellRemarks from the June 18, 2025 FOMC meeting are in! ๐ŸŽค The Federal Reserve has held interest rates steady at 4.25%-4.5% for the fourth consecutive meeting.

Key takeaways:

* Inflation: Still above the 2% target, with the Fed expecting PCE inflation to hit 3% by year-end, higher than previously projected. Tariffs are seen as a factor that will "push up prices and weigh on economic activity."

* Rate Cuts: Policymakers still anticipate two rate cuts in 2025, totaling 50 basis points, but the pace for 2026 and 2027 has slowed. Powell stressed the need for more data before any adjustments.

* Economic Outlook: Growth forecasts for 2025 have been lowered to 1.4%, and unemployment is expected to edge up to 4.5%.

* Labor Market: Remains strong, with Powell stating it's "not a source of significant inflationary pressures."

Investors are closely watching for how tariffs will fully impact the economy and when the Fed will finally begin to ease monetary policy.

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