US Fed Meeting: Key Highlights
Here are the main highlights at a glance:
Fed keeps benchmark interest rate steady at 4.25%–4.5%.
The dot plot shows the median Fed official expects two 25 basis points cuts in 2025, unchanged from March projections.
Statement removes prior warning about rising risks of higher inflation and unemployment, and adds that uncertainty about the outlook has diminished but remains elevated.
Core PCE inflation forecast for end-2025 raised to 3.1%, from 2.8% in March.
GDP growth forecast for end-2025 cut to 1.4%, from 1.7% earlier.
Chair Powell says current stance is “modestly restrictive” and appropriate given inflation risks.
NDTV Profit now signs off from its FoMC coverage for the night. Adieu, readers.
(This live blog has ended).
US Fed Meeting Live: Dot Plot Unchanged
“Dot plot” of rate projections shows the median official expected to lower rates by a half percentage point in 2025, implying two quarter-point cuts this year, the same as they expected in March
Fed Meeting Live: Powell Press Conference Ends
US Fed Meet Live: Powell Offers No Update On Likely Governor Role
Powell said the Fed’s next Powell declined to comment on whether he would remain at the Federal Reserve as a governor after his term as chair ends, saying there was no update on that front at this time.
Ask ChatGPTpolicy moves are likely to be closer to a neutral stance, signaling that future decisions may involve less tightening as inflation cools and economic conditions evolve.
US Fed Meet Live: September Rate Cut On The Cards?
US Federal Reserve Chair Jerome Powell seemed to be opening the doors a bit for a potential rate cut in September, stating that data around the key economic indicators would determine whether the rate-setting panel would resume the cuts.
Read the whole story here.
Jerome Powell Live: Tariffs Passthrough To Prices Likely Ahead
Powell said tariffs are beginning to show up in consumer prices and added that their impact on inflation could become more visible in the coming data. He stated that while the passthrough to prices has so far been slower than expected, further effects are likely ahead.
Jerome Powell Live: Labour Market Looks Solid
Powell said the labor market remains broadly in balance, with many indicators holding steady compared to a year ago. He noted there's no clear sign of weakening, as both labor supply and demand are declining at a similar pace. However, he acknowledged that downside risks are “certainly apparent,” pointing to the unemployment rate as the key metric to watch.
Jerome Powell Live: Policy "Moderately Restrictive"
Powell said the current policy stance remains appropriate given the prevailing inflation risks, describing it as “modestly restrictive.” He reiterated that this level of restraint appears suitable in guiding inflation back toward the 2% target.
Jerome Powell Live: Inflation Expectations Remain Anchored
Powell added that longer-term inflation expectations remain anchored and consistent with the Fed’s 2% target.
Jerome Powell Live: On Economic Developments
Federal Reserve Chair Jerome Powell said indicators point to a moderation in economic growth, attributing much of the slowdown to softer consumer spending. Despite the cooling, he noted that the unemployment rate remains low and that labor market conditions are now broadly in balance.
US Fed Meeting Live: Chairman Jerome Powell Speaking Now | Watch LIVE
US Fed Meeting Live: Wall Street Reaction
The S&P 500 advanced 0.20%
The Nasdaq Composite rose 0.44%
The Dow Jones Industrial Average rose 0.0076%
US Fed Meeting Live: Dive Deeper
The decision to keep the rates steady was taken by the Federal Open Market Committee by a majority of 9-2. The dissenting members were governors Michelle Bowman and Christopher Waller, as they called upon the monetary policy body to acknowledge the easing of consumer inflation.
Read the whole story here.
US Fed Meeting Live: Read Full FOMC Statement
Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate.
In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals. The Committee’s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
US Fed Meeting Live: Decision Not Unanimous
Nine members of the committee voted towards keeping the interest rate steady, whereas two members voted to lower the rate. One member was absent from the proceedings.
US Fed Meeting Live: Inflation Remains Elevated
"The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated," said the US Fed in its statement.
US Fed Meeting Live: FOMC Keeps Interest Rate Unchanged At 4.25%-4.5%
The Federal Reserve's FOMC has decided to keep its benchmark interest rate unchanged at 4.25%-4.5% for a fifth consecutive time.
US Fed Meet Live: Trump Says Powell Unlikely To Lower Rates
Powell probably won't lower rates today, said US President Donald Trump.
Source: Bloomberg
US Fed Meet Live: Geoffrey Dennis Predicts Market Pullback
“I think we’re entering a period where it will be difficult to sustain further upward movement in equity markets for a while. We need to absorb the impact of the tariff news and wait to see what the Federal Reserve decides to do. So, I’m expecting a bit of a pullback in global markets,” independent emerging markets commentator Geoffrey Dennis told NDTV Profit in an interview.
US Fed Meet Live: How Is GDP Likely To Fare
In the June meeting, the Fed projected GDP growth of 1.4% in 2025, down 0.3% from the March meeting. The word on the street is that the US economy is expected to grow only by 1.8% in 2025, even more so because the Fed's hawkish stance so far this year has not supported the economic growth.
Latest government data showed that the US GDP rose 2.8% YoY. Despite this current growth pace, the outlook for the second half of the year is hazy. The labour market is slowing, which will impact wage gains.
US Fed Meet Live: D-Street Eyes Pause On Rates
According to Jigar Trivedi, Senior Research Analyst at Reliance Securities, "The Federal Reserve is widely expected to leave its benchmark interest rates unchanged at 4.25%–4.50% in the upcoming FOMC meeting."
With the pause largely priced in, market focus will shift to the tone of the Fed’s forward guidance, the updated dot plot projections, and Chair Jerome Powell’s post-meeting press conference. What matters most now is whether policymakers still foresee rate cuts this year and if so, when.
"A more hawkish stance, suggesting delayed or reduced easing, could weigh on gold. In such a scenario, the US dollar may strengthen and Treasury yields could climb, both of which typically pressure non-yielding assets like gold," he added.
US Fed Meet Live: Wall Street Holds Ground Ahead Of US Fed
Wall Street held its ground on Wednesday, as investors digested robust GDP numbers and looked ahead to the Federal Reserve's policy decision and earnings from major technology companies. At 09:43 a.m., the Dow Jones Industrial Average rose 1.42 points to 44,632.50, the S&P 500 gained 7.20 points, or 0.11%, to 6,378.06 and the Nasdaq Composite gained 47.19 points, or 0.22%, to 21,145.48.
US Fed Meet Live: When Will US Fed Cut Rates?
In an exclusive interview, Dr. VK Vijaykumar, Chief Investment Strategist at Geojit Investments Ltd., told NDTV Profit that he expects "two Fed rate cuts in 2025 by 25 basis points each, perhaps by September and October." After today's policy meeting, US Fed officials will meet on Sept. 16-17 to deliberate on the next set of decisions—which is when Wall Street, so far, has priced in the first Fed rate cut of 2025.
US Fed Meet Live: US Fed 'Dot Plot'
In the June policy meeting, the projections from the Fed's quarterly ‘dot plot’ release showed that officials are expecting a 50 basis points, or 0.5%, interest rate cut in 2025. This chart holds data on each Federal Reserve official's expectations for where interest rates will head in the future.
US Fed Meet Live: US Fed Interest Rate Cut In 2024
The current federal funds rate has sat at a range of 4.25% to 4.50% since the beginning of 2025. Powell has kept the rates steady for four straight policy meetings. The central bank last cut interest rates on Dec. 18, 2024, by 25 basis points. The Fed's total rate cut size in 2024 was one full percentage point.
US Fed Meet Live: US Inflation In Focus Over Tariff Jitters
Most Wall Street analysts believe that the tariff pressure has not yet translated into US inflation; however, they have warned that once the deals kick in from August, inflation in the US will increase and may stay elevated in the near term.
In its last meeting held in June, the Fed revised its inflation forecast, citing upside cost risks due to US tariffs. As per the latest estimates, the Fed eyes US inflation at 3.1% by the end of the year, above the current level.
US Fed Meet Live: FOMC To Deliver Fifth Policy Verdict For 2025 Today
This is the fifth policy verdict by the US Fed Chair Jerome Powell-led Federal Open Market Committee (FOMC) for 2025 and comes just before the Aug. 1 deadline when US tariff rates will be implemented for most nations.
US Fed Meet Live: Analysts Expect Steady Interest Rate
Hello and welcome to NDTV Profit's coverage on the US Federal Reserve's monetary policy decision. This follows a two-day review meeting to deliberate on the central bank's benchmark interest rate verdict and the state of the US economy.
Wall Street analysts broadly expect the US central bank to hold the key interest rate steady at 4.25%-4.50% again as policymakers stand firm on assessing the evolving US economic data, especially amid the global tariff jitters.
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