*FED KEEPS INTEREST RATE UNCHANGED TO 5.5%*
*U.S. (JUN 12) FED INTEREST RATE DECISION ACTUAL: 5.50% VS 5.50% PREVIOUS; EST 5.50%*
*FOMC MEDIAN FORECAST SHOWS 25 BPS RATE CUTS IN '24 VS 75 BPS*
*FOMC MEDIAN 2024 CORE PCE INFLATION EST. UP TO 2.8% VS. 2.6%*
*FED: THERE HAS BEEN 'MODEST FURTHER PROGRESS' TOWARD 2% INFLATION OBJECTIVE VS 'LACK OF PROGRESS' CITED IN MAY 1 STATEMENT*
*FOMC MEDIAN FORECAST SHOWS 100 BPS RATE CUTS IN '25 VS 75 BPS*
*FED: DOES NOT EXPECT IT WILL BE APPROPRIATE TO REDUCE POLICY TARGET RANGE UNTIL GAINING GREATER CONFIDENCE INFLATION IS MOVING SUSTAINABLY TOWARD 2%*
*FED: ECONOMY CONTINUES TO EXPAND AT SOLID PACE, JOB GAINS REMAIN STRONG, UNEMPLOYMENT RATE REMAINS LOW*
*FED'S DOT PLOT INDICATES JUST ONE RATE CUT THIS YEAR, IT COULD DISAPPOINT INVESTORS WHO WERE EXPECTING MORE CUTS*
FED PROJECTIONS IMPLY 25 BPS OF RATE CUTS IN 2024 FROM CURRENT LEVEL, ANOTHER 100 BPS IN 2025
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
