MNI Fed Review-June 2025: Less Uncertainty, Less Easing
Jun-18 21:19By: Tim Cooper
US
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- The June FOMC communications had a hawkish tilt overall, despite the immediate dovish reaction to the updated Dot Plot retaining the median expectation of 50bp in rate cuts by end-2025.
- Chair Powell was far from emphatic about the prospect of rate cuts, all but taking a cut at the July meeting off the table. His comments all but reversed the initial dovish market reaction.
That said, the FOMC still remains committed to cutting, if only in half-hearted and patient fashion.
