Fomc Meeting June 2024 Market Reaction.  — as was universally expected, the federal reserve open market committee (fomc) maintained the federal funds rate in the 5.25% to 5.50% range and announced. Us equities (^gspc, ^dji, ^ixic) remain mostly steady, except for the dow.

 — jerome powell during a news conference following a federal open market committee meeting in washington, dc on june 12.  — so, when does the market (not economists, the market) think the next fomc move will be?