FED raised 25 BP of the federal funds rate this FOMC. If data are good for the inflation rate, I expect they will freeze the federal funds rate next month.
When you see the past data about the federal funds rate, they usually froze the federal funds rate for 6 months in average, so , it would be possible that they will cut the federal funds rate.
While they said they won't cut the federal funds rate this year, it seems they will change the monetary policy within this year with respect to the past behaviors.
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