#FOMCMeeting The Fed decided to keep its federal funds rate in the range of 4.25% - 4.50%, in line with market expectations due to softer inflation data and a still-strong labor market (unemployment ~4.2%). However, uncertainty persists due to tariffs and geopolitical risks, especially in the Middle East, prompting a cautious stance with no clear signals of immediate cuts. The statement and the dot-plot will likely reflect a more hawkish view, with a forecast of only one or two cuts in 2025, reinforcing the message of "wait and see".