The Fed is still clueless about the future path of rates and economy

There is no consensus among the Fed members regarding the future rates path

The Federal Reserve held its interest rate unchanged at 4.25%-4.50% on Wednesday, June 18, as expected. This marks the fourth straight meeting with no rate changes this year. Overall, the central bank slashed its rates by 100 basis points so far this economic cycle.

The central bank noted in its policy announcement that while economic uncertainty has decreased, risks of persistent inflation and rising unemployment remain elevated. Officials are awaiting clearer signals on trade policy and federal budget negotiations, while also evaluating how restrictions on immigration may affect the labor market.

Behind the paywall, you will find the entire recap from the meeting, including the central bank economic and inflation projections, the Fed Chair Jerome Powell’s conference, and what that could all mean for the markets.

Links to the previous meetings' summaries can be found below.

The Fed is in no hurry to slash interest rates

The central bank is in "wait and see" mode amid historic economic uncertainty

globalmarketsinvestor.beehiiv.com/p/the-fed-is-in-no-hurry-to-slash-interest-rates

🚨The Fed knows nothing, likewise the majority of market participants and watchers

The Fed kept the rates unchanged for the second consecutive meeting on Wednesday

globalmarketsinvestor.beehiiv.com/p/the-fed-knows-nothing-likewise-the-majority-of-market-participants-and-watchers

!!️The Federal Reserve is not in a hurry to cut rates further - for now

The Fed kept they rates unchanged in the first meeting of 2024

globalmarketsinvestor.beehiiv.com/p/the-federal-reserve-is-not-in-a-hurry

For the first time in history, top global central banks are reducing their balance sheets at the same time

What are the implications for the markets regarding one of the greatest monetary policy experiments?

globalmarketsinvestor.beehiiv.com/p/for-the-first-time-in-history-top

The US job headline numbers are overstated

The US labor market continues to deteriorate under the surface

globalmarketsinvestor.beehiiv.com/p/the-us-job-headline-numbers-are-overstated

KEY TAKEAWAYS, FED ECONOMIC PROJECTIONS

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