WASHINGTON, June 18 (Reuters) - The U.S. central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned against putting too much weight on that view, and said he expects "meaningful" inflation ahead as ...

Powell said uncertainty about Trump's tariffs, apprehension about their economic impact, the good job market, and the Fed's forward-looking forecasts have all played roles in the decisions to keep rates steady.

Still, the so-called dot plot — which indicates individual members' expectations for rates — showed officials see their benchmark lending rate falling to 3.9% by the end of 2025. That's equivalent to a target range of 3.75% to 4%, pointing to two reductions later this year.