Central Bank Watch
FOMC Statement, Projections and Press Conference
June 18, 2025
Statement: No significant changes were made from the May 7 statement. Swings in net exports were observed but do not change the strong continuing pace of growth. Unemployment remains low; labor markets are still solid; and inflation remains somewhat elevated. The federal funds target was not changed, which matches the expected decision, and balance sheet […] More
Central Bank Watch
June 2025 FOMC Meeting Preview
June 18, 2025
The Federal Reserve’s federal funds target was cut at the last three scheduled FOMC meetings in 2024 by a total of 100 basis points to a range of 4.25-4.50% but has been left at that level at each of the first three policy reviews this year. Amid mounting uncertainty not of the Fed’s own making, […] More
Central Bank Watch
Swedish Interest Rate Cut
June 18, 2025
The Swedish Riksbank’s rate cut from 2.25% to 2.0% had been widely expected. It was the first change since a 25-basis point cut in January. At 2.0%, the new rate is half the peak of 4.0% from September 2023 to May 2024 and at its lowest level since November 2022. Swedish monetary officials are likely […] More
New Overnight Developments Abroad - Daily Update
Central Banks and Inflation Data in the Forefront this Wednesday
June 18, 2025
The Federal Reserve’s interest rate announcement, updated forecasts and press conference due this afternoon are not the only central bank dog-and-pony shows for investors to absorb. They already have learned of unchanged interest rates in Indonesia, Chile and Georgia, as well as a 25-basis point rate reduction by officials at the Swedish Riksbank. The Federal […] More
