I present a dynamic analysis on the latest developments following the meeting on June 18:

0-1Jerome Powell decided to maintain interest rates at 4.25%–4.50%, highlighting a more cautious and slightly hawkish stance towards inflationary risks  . 277-0He warned that new tariffs and the conflict in the Middle East could generate "significant inflation" that will affect the economic outlook  .

457-0Although the market still expects two cuts before the end of the year, the Fed cut its growth expectations and raised its inflation projections: now a 3% is expected by the end of 2025, and an increase in unemployment to 4.5%  . 722-0Powell emphasized that his decisions will be data-driven, without reacting prematurely  .

In summary, the latest developments convey caution: no rush to cut, but with firm vigilance over inflation and growth. How do you position yourself regarding this shift in monetary policy?