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June 12 - The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check.
"At the same time, that majority wouldn’t feel obligated to follow through with cuts if economic data come in differently than they project. The FOMC’s members emphasize over and over again that they will make monetary decisions meeting by meeting in reaction to incoming data. "Modest adjustments to raise both inflation estimates, and unemployment rate projections were also notable and necessary modifications to support the reduction of cuts projected in the dot-plot."" generally in line. Maybe a bit disappointment relative to CPI release which they didn't have before dots were constructed.
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