The Federal Reserve meeting started on June 17 and concludes today, June 18, with a decision on interest rates expected at 2 p.m. EDT. It's highly unlikely the Fed will cut interest rates, with the CME Group's FedWatch Tool indicating a 99.9% probability of rates staying at 4.25%-4.5%. President Trump has been pushing for rate cuts, but the Fed is cautious due to uncertainty around the impact of Trump's tariffs on inflation.

*What to Expect:*

- *Interest Rate Decision*: The Fed is expected to hold rates steady, maintaining its cautious posture amid economic uncertainty.

- *Economic Projections*: The Fed's quarterly summary of economic projections, or dot plot, will reveal where policymakers expect key economic data points to head, including median expectations for rate cuts.

- *Powell's Press Conference*: Fed Chair Jerome Powell's press conference will provide insight into the Fed's thinking and potential future rate decisions.

*Market Reaction:*

- *Stocks*: Stocks tend to rise when the Fed indicates rates will go lower and fall when rates are expected to stay high. If the Fed adjusts its dot plot to indicate just one 2025 cut, it could cause a noticeable selloff in stocks.

- *Rate Cuts*: Economists predict the Fed will maintain its benchmark rate at 4.25%-4.5%, with some expecting a rate cut in July, although the probability is low at 13%.

*Impact on Your Money:*

- *Savers*: Higher interest rates benefit savers, making it a good time to shop for high-yield savings accounts or lock in CD rates.

- *Borrowers*: Credit card rates, auto loans, and mortgages will likely remain high if the Fed holds steady, although a rate cut could signal lower borrowing rates in the future ¹.#FOMCMeeting