#FOMCMeeting The Federal Open Market Committee held its June 17–18 meeting and kept the federal funds rate steady at 4.25–4.50 %, marking a continuation of its cautious, “wait‑and‑see” approach . The committee cited stable inflation and solid labor market conditions but flagged uncertainties tied to tariffs, geopolitical tensions, and potential upside inflation risks . The updated dot plot is expected to show fewer rate cuts in 2025, likely one cut instead of two . Chair Powell emphasized a data‑driven stance, stressing policy flexibility amid elevated uncertainty .