On June 19, the Federal Reserve held its interest rate meeting, keeping rates unchanged at 4.25%-4.50% for the fourth consecutive meeting. The dot plot shows that the Federal Reserve still expects to cut rates twice in 2025. U.S. interest rate futures prices predict a 71% chance of a rate cut in September, up from 60% previously.
Chairman Powell stated: No one has much confidence in the predictions of the interest rate path; rate cuts could happen soon or not soon at all, depending on the impact of tariff levels.
Trump continues to urge for rate cuts, saying: "Mr. Powell, you're too late! You are a disgrace to America! Powell has cost America hundreds of billions of dollars; he is indeed one of the stupidest people."