The FED finally announced its interest rate decision after its two-day monetary policy meeting. The FED kept interest rates steady. Market expectations were that the institution would keep its policy rate steady. However, economic indicators and political uncertainties make it necessary to give clearer messages about the coming period. The Fed has held interest rates steady at around 4.4% since January. Officials have been cautious about cutting rates, saying they want to see the impact of tariffs and other major economic policies implemented by President Donald Trump. Economists expect the FED to cut interest rates this year. According to this forecast, the most important factor triggering interest rate cuts will be the increase in unemployment. Wells Fargo Chief Economist Jay Bryson said, “The FED will start cutting interest rates in the second half of the year as tariffs put pressure on growth and unemployment increases.” Related News: Whales Are Active Today: Heavy Buying and Selling in Altcoins - Here Are the Data Rising geopolitical tensions in the Middle East are deepening economic uncertainties. It is stated that if the Trump administration’s policies suppress consumer spending and reduce corporate profits, there could be serious weakening in the labor market. This could be a signal for the Fed to cut interest rates in line with its “maximum employment” goal in its mission statement. The Fed’s new economic projections, to be released today, are expected to reflect expectations of at least one interest rate cut this year. However, these potential steps are unlikely to please President Trump, who has criticized the failure to cut interest rates already. Trump has previously called Fed Chair Jerome Powell “stupid” and “idiot.” Now, all eyes will be on FED Chairman Jerome Powell's press conference at 21:30. *This is not investment advice. Continue Reading: BREAKING: FED Releases Critical Interest Rate Decision – Here Are the Details and Bitcoin’s First Reaction
