Asia stock markets live updates: Fed decision, Australia unemployment
The Fed has projected one rate cut this year, down from three, but raises the number of projected rate cuts to a total of four in 2025.
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The Fed has projected one rate cut this year, down from three, but raises the number of projected rate cuts to a total of four in 2025.
The Fed's March projections included three quarter-percentage-point reductions. The U.S. central bank, in a statement at the end of its June 11-12 meeting, also said it left its policy rate unchanged, as expected.
US stock futures rise as Wall St hits record highs despite hawkish Fed
The Fed has projected one rate cut this year, down from three, but raises the number of projected rate cuts to a total of four in 2025.
The Fed expects to cut rates only once this year, down from the three quarter-point reductions projected after slow progress towards its inflation target.