US Fed meeting June 2025: Top highlights, key takeaways, rate projections, and inflation forecasts

US Fed meeting June 2025 took center stage as the Federal Reserve held interest rates steady at 4.25%–4.5% for the fourth straight time, resisting strong pressure from President Donald Trump. Despite rising inflation and slower GDP growth forecasts, Fed officials still see room for two rate cuts later in 2025. The central bank’s updated projections show inflation climbing to 3%, GDP dropping to 1.4%, and unemployment expected to hit 4.5%. Chair Jerome Powell faced sharp criticism from Trump but remained firm.