Federal Reserve rate decision: Rates unchanged and dot plot shows one cut this year ...Middle East

This is a surprise as most had thought after CPI the FOMC dot plots would show two cuts.Here are how the projections compare to the last set of forecast from March 20:Median at 4.1% vs 3.9% prior Fed funds rate for end-20252024 GDP growth median +2.1 vs +2.1% prior2025 GDP +2.0% vs +2.0% priorUnemployment rate in 2024 4.0% vs 4.0% priorUnemployment rate in 2025 4.2% vs 4.1% prior 2024 PCE inflation 2.6% vs 2.4% prior2025 PCE inflation 2.8% vs 2.6% prior2024 core PCE 2.8% vs 2.6% prior2025 core PCE 2.3% vs 2.2% priorThe only change in the statement itself is that it says there has been 'modest further progress' towards 2% inflation compared to the old statement that said there "has been a lac

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