The Federal Reserve just wrapped up its latest policy meeting, holding interest rates steady within the 4.25%–4.50% range. The updated dot plot shows that the FOMC still projects 50 basis points of rate cuts in 2025, consistent with the previous outlook. However, the economic projections were revised: the Fed now expects GDP growth in 2025 to come in softer at 1.4%, while inflation is forecasted slightly higher, up to 3%. This signals a more cautious stance going forward. The Fed is clearly watching inflation pressures closely, and even though rate cuts are still penciled in, the upward revision in inflation expectations suggests they may remain patient. With the economy slowing and inflation staying sticky, policy flexibility remains key. Holding the line… 🦍🇺🇸 #FederalReserve #FOMC #InterestRates #MacroUpdate #Inflation #MonetaryPolicy #JeromePowell #Markets #RateOutlook #FedMeeting