The Federal Reserve (FED) decided to keep the Reference Interest Rate unchanged between 4.25% and 4.50% at the Federal Open Market Committee meeting held from June 17 to 18, marking the third consecutive pause in rate hikes since January 2025. During the meeting, Federal Reserve Chairman Jerome Powell emphasized that the current monetary policy is in a state of "restrictive moderation," suggesting that the Central Bank does not need to rush to reduce interest rates. It is worth noting that Powell also made it clear that external calls for rate cuts will not affect the independence of the Federal Reserve's decision, reflecting the Central Bank's autonomous position in the policy-making process. This meeting reflects the Federal Reserve's cautious attitude in the current economic environment, trying to find a balance between controlling inflation and maintaining economic growth.#GENIUSActPass
