#美联储FOMC会议 The Federal Reserve's Federal Open Market Committee (FOMC) meeting is a key meeting for the Fed to formulate monetary policy, and its decisions have a profound impact on the U.S. economy and global financial markets. The following is relevant information regarding the FOMC meeting on June 17-18, 2025:
Meeting Time
- This FOMC meeting will be held on June 17-18, lasting for two days.
- After the meeting, the FOMC will release the policy statement at 14:00 Eastern Time on the 18th, and Federal Reserve Chairman Powell will hold a press conference at 14:30.
Meeting Background and Expectations
- Interest Rates Remain Unchanged: The market generally expects that the Fed will keep the federal funds rate target range unchanged at 4.25%-4.5% during this meeting.
- Economic Uncertainty: Recent U.S. economic data has shown some uncertainty, such as the Producer Price Index (PPI) in May increasing by 0.1% month-on-month, which is below expectations. In addition, the tariff policies of the Trump administration have increased uncertainty about economic prospects.
- Inflation and Employment: Although inflation has fluctuated, it remains close to the Fed's 2% target overall. The labor market remains strong, with the unemployment rate staying at a low level.
Meeting Members
The voting members of the 2025 FOMC include:
- Federal Reserve Chairman Powell and Vice Chairman Philip Jefferson.
- Other members of the Federal Reserve Board.
- New York Federal Reserve Bank President John Williams.
- Presidents of the Boston, Chicago, St. Louis, and Kansas City Federal Reserve Banks.
Market Focus
- Future Interest Rate Path: The market is focused on whether the Fed will signal any future rate cuts. Although the market expects two rate cuts may occur in 2025, the Fed may continue to wait until the economic data is clearer.
- Economic Forecast Summary: This meeting will release an economic forecast summary, from which investors will look for the latest predictions regarding economic growth, inflation, and unemployment rates.
Meeting Impact
- The decisions made at the FOMC meeting directly affect the level of interest rates, the money supply, and credit conditions in the U.S.
- The meeting statement and the Chairman's speech will have a significant impact on global financial markets, and investors typically adjust their investment strategies based on the meeting results.
In summary, this FOMC meeting will continue to maintain a cautious monetary policy stance while focusing on the impact of economic data and policy changes on economic prospects.