#FOMCMeeting

The Federal Open Market Committee (FOMC) meeting is scheduled for June 17-18, 2025. Here's what you need to know:

- *Meeting Details*: The FOMC will release its policy statement at 2 pm Eastern Time on June 18, followed by a press conference with Federal Reserve Chair Jerome Powell at 2:30 pm.

- *Interest Rate Decision*: The FOMC is expected to keep interest rates unchanged, with the current target range for the federal funds rate at 4.25% to 4.50%. There's a 99.9% probability the Fed will hold rates steady, according to CME Group's FedWatch.

- *Summary of Economic Projections (SEP)*: The Fed will release its SEP, also known as the "dot plot," which will show the committee's expectations for monetary policy going forward. In March, the Fed's dot plot indicated expectations of lowering the federal funds rate to 3.9% by the end of 2025.

- *Market Impact*: The stock market is expected to react to the FOMC statement and Powell's press conference. Futures on major US stock indexes are pointing higher, with the S&P 500 near record-high territory.

*Key Players*:

- *Jerome Powell*: Federal Reserve Chair, whose term ends on May 15, 2026. There's speculation about potential replacements, including Treasury Secretary Scott Bessent, Fed Governor Christopher Waller, and former Fed Governor Kevin Warsh.

- *FOMC Voting Members*: The 2025 FOMC voting committee consists of seven permanent members, including Powell, and five rotating members from regional Fed banks.