Fed Ditches 'Data Dependent'

2025-06-22 09:00:00 ET

Real Estate Weekly Outlook

U.S. equity markets posted a second-straight week of declines after the U.S. Federal Reserve indicated that it remains in "no rush" to ease its "modestly restrictive" policy stance, dismissing recent inflation and economic data while doubling down on a forecast of "meaningful" tariff-driven inflation in coming months. As anticipated, the Fed held short-term rates steady at a 4.50% upper-bound for a fourth consecutive meeting, but all eyes were on the FOMC Economic Projections - the first update since the April liberation day tariffs. While the FOMC's dot plot was viewed as more "dovish" than expected with the Fed continuing to pencil in two rate cuts this year, there was an obstinately "hawkish" tilt in Fed Chair Powell's subsequent commentary, raising some questions on whether the Fed can continue to claim itself "data dependent."...

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