Fed keeps rates steady (4.25-4.50%), lowers GDP forecast and raises inflation forecast
Link Securities | The Federal Open Market Committee (FOMC) of the Federal Reserve (Fed) kept its benchmark rates unchanged in the 4.25%–4.50% range for the fourth consecutive meeting in June, in line with expectations, as its members adopted a cautious stance to fully assess the impact of President Trump’s policies, particularly those related to trade tariffs, immigration and taxation. FOMC members also noted that uncertainty about the economic outlook has…