The Federal Open Market Committee decided to maintain its target range for the effective federal funds rate between 4.25% and 4.50%. The FOMC reiterated its intent to stay focused on the incoming data. This data would include information on labor market conditions, inflation pressures and expectations, as well as financial and international developments.
What I found interesting was the pop in the price of the EUR/USD right at the announcement. The price climbed from 1.14983 to 1.15279 before settling at 1.15121. Did the FOMC statement signal some scary information? I did not pick up on any adverse information in the statement.
Chairman Powell speaks in less than 30 seconds, so maybe he will shed some light.
Alton Drew
18 June 2025
Lawyers Write the Bets. Bankers Sell the Bets. 