#FOMCMeeting l

At its June 17–18, 2025 meeting, the Federal Open Market Committee maintained the federal funds target at 4.25%–4.50%, balancing persistent inflation and slowing U.S. retail sales (). Officials highlighted rising geopolitical risks—particularly Israel–Iran tensions—that have driven oil price volatility and complicated the global inflation outlook (). The updated Summary of Economic Projections is expected to show slower growth and higher inflation forecasts since March, suggesting fewer rate cuts this year. Fed Chair Jerome Powell emphasized a data-dependent approach in his press conference, noting that future policy will hinge on tariff impacts.