As the market expected, Fed keeps current interest rate at 5.25 - 5.55
Dot-plot shows Fed quite hawkish for this year:
indicating a cut of only -25bps this year (compared to -75bps in March)…
MARKET DAILY
Market 06/12: June FOMC pessimistic in economic forecasts
CPI lower than forecast creates premise for Fed to cut rates in September but FOMC members have a different view.
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