#PowellRemarks
Bitcoin in ambush: the Fed leaves rates unchanged
On June 18, 2025, the Federal Open Market Committee (FOMC) met to define the future course of the US Federal Reserve's monetary policy. Unsurprisingly, the committee decided to keep the Fed's interest rates at their current levels, i.e., between 4.25 and 4.5%.
However, with inflation (CPI) remaining stable, close to the Fed's 2% target, and a US job market that is also relatively peaceful, Jerome Powell no longer has any valid reasons to oppose a further rate cut.
And market participants are not mistaken. Indeed, while they expected the Fed to remain reluctant about such a decision on June 18, financial specialists now mostly (67%) see a resumption of the reduction in key rates next September, according to the CME's FedWatch tool.
