# Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees 'meaningful' inflation ahead

> The Federal Reserve kept its benchmark overnight rate in the 4.25%-4.50% range and the decision was unanimous. The policy statement described the labor market as solid and unemployment as low.

- Date: 2025-06-18 · published 2025-06-18T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/24108-fed-keeps-rates-steady-but-pencils-in-two-cuts-by-end-of-2025-powell-sees
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Holding rates while signaling possible cuts keeps the dollar and financing costs in flux, which affects commodity prices and the cost of carrying feed inventories.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-01 | [Fed sees three rate cuts in 2024 but a more shallow easing path](https://feedsoft.ai/events/31391-fed-sees-three-rate-cuts-in-2024-but-a-more-shallow-easing-path.md) | -0.0% | +1.6% |
| DXY | 2021-10-22 | [Powell says inflation risks rising, but Fed can be 'patient' \| AP News](https://feedsoft.ai/events/44436-powell-says-inflation-risks-rising-but-fed-can-be-patient-ap-news.md) | -0.2% | +1.4% |
| DXY | 2019-06-17 | [Forex Market: Dollar steady ahead of Fed meeting; low chances of June rate cut](https://feedsoft.ai/events/58784-forex-market-dollar-steady-ahead-of-fed-meeting-low-chances-of-june-rate-cut.md) | -0.9% | -1.1% |
| DXY | 2022-08-26 | [fed: Dollar volatile after Fed's Powell comments on inflation - The Economic Times](https://feedsoft.ai/events/39943-fed-dollar-volatile-after-fed-s-powell-comments-on-inflation-the-economic-times.md) | +1.1% | +3.4% |
| DXY | 2021-09-30 | [Powell sees inflation cooling, evading 'difficult situation' \| AP News](https://feedsoft.ai/events/44968-powell-sees-inflation-cooling-evading-difficult-situation-ap-news.md) | +0.0% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/business/fed-set-hold-rates-steady-middle-east-crisis-tariffs-cloud-outlook-2025-06-18/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.