June 26, 2025
Fed's benchmark overnight rate held steady in 4.25%-4.50% range while policymaker projections show two rate cuts still seen in 2025
The de-escalation drew an immediate thumbs up from Wall Street, as equity index futures jumped by nearly 2% on the resumption of trading on Tuesday evening
Trump's criticism of Powell raises concerns over Fed's independence
Trump says rates should be falling in US as in Europe, as the Fed is keeping rates on hold, and is concerned that tariffs will drive up inflation
