The Fed held rates steady again;And for the second time Consistent, in their Summary of Economic Projections, they revised growth DOWN and inflation UP,June,19,2025. And while the median projection for rate cuts by year-end was unchanged at 50 basis points (two cuts), the weighted-average target from the 19 Fed officials is now 4.04%. This tells us the consensus Fed expectations are actually closer to just one cut this year, not two.

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This Potential reports showed retail sales growth was negative of the month June 17, 2025. Industrial production was negative on the month. The National Association of Home Builders Index came in at housing recession levels.

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