From Yahoo Finance: 2025-06-18 19:40:00

The Federal Reserve kept interest rates unchanged, leaving the federal funds rate at 4.25% to 4.5% since December. The SPDR S&P 500 ETF Trust was slightly up after the decision. The Fed’s updated projections show GDP growth of 1.4% in 2025 and 1.6% in 2026, with PCE inflation at 3% this year and 2.4% next year. Powell remains optimistic about the economy but notes potential cooling in the labor market. Two rate cuts are still forecasted for this year, but some policymakers expect no cuts at all. Tariffs are a point of concern, with the Fed monitoring their inflationary impact. Trading volume was light ahead of the Juneteenth holiday.



Read more at Yahoo Finance: Stock ETFs in Focus as Fed Holds Rates Steady