From Yahoo Finance: 2025-06-18 10:34:00

At the conclusion of the latest US Federal Open Market Committee meeting, it is expected that Fed Chairman Powell will announce no change in interest rates. The Fed fund futures forward curve shows no indication of rate hikes until March 2027, with any expectation for a rate cut pushed back to September.

Looking ahead to future Fed meetings, the Fed fund futures forward curve indicates no change is expected this month, with the expectation for continued monitoring of economic factors like tariffs, trade wars, and labor markets. The curve also shows expectations for rates above the Fed’s low-end target range.

The market’s expectation for a rate cut continues to be pushed back, highlighting the need to focus on the initial three months of the forward curve. The US dollar index shows a long-term downtrend, while US stock indexes could face renewed selling over inflation concerns. The gold market is influenced by global destabilization and geopolitical tensions.

Inflation concerns are raised by the vertical rally in US boxed beef markets, with prices increasing significantly in a short period. The question of consumer demand arises, as beef export shipments lag behind last year’s pace. This increase in prices could impact inflation and potentially lead to a Fed fund rate increase.

Read more: A Look Ahead at the Fed