#FOMCMeeting Geopolitical risks—especially tensions between Israel and Iran—have spiked oil prices, raising inflation concerns .
Domestic data: Retail sales and industrial output for May were weak, reinforcing the cautious approach .
Tariffs: Uncertainty over President Trump’s aggressive tariff policies continues to worry Fed officials, possibly layering stagflation risks into the economic outlook .
**"Dot plot" projections**: The Fed’s updated outlook may signal fewer rate cuts—likely 1–2 cuts this year
Domestic data: Retail sales and industrial output for May were weak, reinforcing the cautious approach .
Tariffs: Uncertainty over President Trump’s aggressive tariff policies continues to worry Fed officials, possibly layering stagflation risks into the economic outlook .
**"Dot plot" projections**: The Fed’s updated outlook may signal fewer rate cuts—likely 1–2 cuts this year