#FOMCMeeting

The Federal Open Market Committee (FOMC) meeting, held on June 11-12, 2024, concluded with the Fed maintaining interest rates at 5.25%-5.50%, citing persistent inflation above its 2% target.

Chair Jerome Powell emphasized a cautious approach, balancing strong labor market data with risks from global economic slowdowns and geopolitical tensions. Markets anticipate potential rate cuts later in 2024 if inflation cools. The Fed also revised GDP growth projections upward to 2.1% for 2024, reflecting resilient consumer spending. Equities dipped slightly post-announcement, while the dollar strengthened. Investors now eye upcoming CPI reports for clues on future policy shifts.

#FedDecision #MarketTrends #StrategicBTCReserve #MarketPullback