Trader: Fed statement uneventful, Powell press conference the focus
2025-06-18 18:41:16
Michael James, a trader at Rosenblatt Securities, said: 'I don't think there are many surprises in what the Fed has released this time. The Fed raised its inflation forecast, apparently out of a conservative consideration of the likely impact of tariffs, while slightly lowering its economic growth forecast. These adjustments were to some extent expected by the market and did not really bring about a change of direction. The key now is the details, which will be reflected in Chairperson Powell's answers and body language at the news conference.
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