New Delhi, June 19 -- In line with market expectations, the US Federal Reserve has decided to keep the federal funds rate unchanged at 4.25-4.50 per cent.

Economists say the central bank's decision reflects a cautious approach amid persistent uncertainty surrounding global trade tariffs and rising geopolitical tensions.

Sonal Badhan, Economics Specialist at Bank of Baroda, told ANI, "The decision was mostly in line with our expectations. We continue to expect 2 rate cuts in CY25, most likely in sep'25 and oct'25....The dot plot continues to signal 2 rate cuts in cy25. We are projecting cuts in Sep '25 and Oct '25. However, the notable change was that now 7 members insisted on no change in rates this year, up from 4 last time".

The dot ...