TechFlow news, June 18 — According to Jinshi Data, John Velis, macro strategist at BNY Mellon for the Americas, said that no interest rate change is expected at the upcoming Fed meeting, but the new Summary of Economic Projections could impact markets. The dot plot will indicate a smaller rate cut in 2025 than previously anticipated. Given market expectations for nearly two rate cuts this year, a more hawkish dot plot could unsettle markets. The Fed has become increasingly cautious about rate cuts in 2025, with inflation remaining the top concern for most members who have shared their views. Due to ongoing policy uncertainty, the Fed is unlikely to soften its stance on interest rates. With only four Fed meetings left after June, it appears increasingly improbable that there will be room for aggressive easing within this year.
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