Latest developments as Federal Reserve concludes June meeting

According to the Wall Street Journal, Fed officals penciled in one rate cut this year, indicating most are in no hurry to lower rates, even after inflation numbers improved last month (

The central bank held its benchmark rate in a range between 5.25% and 5.5%.(

11 of 19 policymakers expect no more than one rate cut this year, including 4 who penciled in no cuts and 8 others anticpated two rate cuts this year. (

They meet four more times this year, July, Septemeber, November, and December.(

The consumer price index, a measure of goods and services across the economy,  was flat last month and up 3.4% from a year earlier. (

Lawrence Meyer, A former Fed governor states, “This was a very encouraging number. I’d need to see more before cutting, but I think September is in play for the first-rate cut.” (

Keeping your current is written by Michael Bloom, Realtor at the Agency and a  Hidden Hills resident since 1977.

Please don’t hesitate to contact me with your real estate needs,


Michael Bloom, Realtor
The Agency

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