Federal Reserve Leaves Interest Rates Unchanged in June Meeting — RISMedia

At the latest Federal Open Market Committee (FOMC) meeting on June 18, the Federal Reserve board of governors once more chose to leave interest rates unchanged from the current 4.25 – 4.5 rate. Interest rates were last cut in December 2024. 

At a press conference following the meeting, Federal Reserve Chair Jerome Powell stressed that the economy is on solid footing, between low inflation (though still not quite the Fed’s goal of 2%) and a strong labor market.

“Wage growth has continued to moderate while still outpacing inflation,” said Powell.

Danielle Hale, chief economist of Realtor.com®, echoed Powell’s claims in a press release responding to the FOMC. Since the May FOMC meeting, Hale noted that “the job market has continued to hold…