On June 19, 2025, Beijing time, the Federal Reserve (FED) maintained the benchmark interest rate at 4.25%-4.50%, keeping it unchanged for the fourth consecutive meeting, in line with market expectations.
The Federal Reserve (FED) stated that the uncertainty regarding the outlook has diminished, but remains at a high level. The Federal Reserve (FED) has lowered its GDP forecast for 2025 to 1.4%, while raising its inflation expectations to 3%.
Additionally, the Federal Reserve's dot plot indicates that it is expected to cut interest rates twice for a total of 50 basis points in 2025, consistent with March's expectations, but it is anticipated to cut only 25 basis points in 2026, whereas the previous forecast was a 50 basis point cut. Among the 19 officials, 7 believe there will be no rate cuts in 2025, 2 expect one rate cut, 8 anticipate two cuts, and 2 predict three cuts.
Intrerest Rate决议全文
Despite the fluctuations in net exports affecting the data performance, recent indicators show that economic activity continues to maintain robust expansion. The unemployment rate