The Federal Reserve's June rate decision is scheduled for June 17-18, 2025. However, based on the previous rate decision in June 2024, the Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate at 5-1/4 to 5-1/2 percent.
Key points from the June 2024 decision include ¹:
- *Economic Activity*: The economy continued to expand at a solid pace with strong job gains and low unemployment.
- *Inflation*: Inflation eased over the past year but remains elevated, with modest progress toward the Committee's 2 percent inflation objective.
- *Future Rate Decisions*: The Committee will carefully assess incoming data and the evolving outlook before considering any adjustments to the target range for the federal funds rate.
- *Reducing Holdings*: The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities.
For the latest information on the June 2025 rate decision, you can visit the Federal Reserve's official website ².