Jin10 data reported on June 19, analyst Roseanne Briggen stated that traders initially expected the FOMC to take a hawkish stance, but the reality was quite the opposite. The Federal Reserve (FED) held steady as expected, but the dot plot indicated a 50 basis point rate cut in 2025, totaling two cuts. Prior to the announcement, traders had been concerned that the number of rate cuts in 2025 would be reduced by one.
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Institution: Where is The Federal Reserve (FED) being "dovish" this time?
Jin10 data reported on June 19, analyst Roseanne Briggen stated that traders initially expected the FOMC to take a hawkish stance, but the reality was quite the opposite. The Federal Reserve (FED) held steady as expected, but the dot plot indicated a 50 basis point rate cut in 2025, totaling two cuts. Prior to the announcement, traders had been concerned that the number of rate cuts in 2025 would be reduced by one.