FOMC First Take And Wall Street Reactions

As unanimously expected, the Fed held rates in the 4.25%-4.50% range (for the 4th consecutive time, even as the ECB has cut 8 times already). Within the Statement, key highlight was: economic outlook uncertainty ‘diminished but remaining elevated’ (vs May where uncertainty ‘had increased further’).

FOMC statement redline. Notable changes

- the economic outlook has "diminished but remains elevated" from "increased further".

- scraps stagflation warning line that "risks of higher unemployment and higher inflation have risen" pic.twitter.com/mQ1uELrsK5

— zerohedge (@zerohedge) June 18, 2025