The Federal Open Market Committee (FOMC) meeting is underway, and market watchers are eagerly awaiting the outcome. Here are the key takeaways from the meeting:
No Rate Cut Expected
The FOMC is not expected to cut interest rates this time around, with a 97.3% probability of holding rates steady at 4.25% to 4.50% [2).
Focus on Tariffs and Inflation
The meeting's focus will be on the impact of President Trump's tariffs on the economy and inflation. Fed Chair Jerome Powell is expected to address the issue, but unlikely to deviate from his previous stance.
Economic Growth and Employment
The FOMC will also discuss the state of economic growth and employment. The latest nonfarm payrolls report showed a stronger-than-expected growth, which may influence the committee's decision.
Market Reaction
The market is expected to react to the FOMC's statement and Powell's press conference. The 10-year Treasury yield has been trending higher, and investors will be watching for any signs of a change in monetary policy.
What's Next?
The next FOMC meeting is scheduled for June 17-18, and market participants will be watching for any changes in the committee's stance on interest rates and monetary policy.
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https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
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