Wednesday, the Federal Open Market Committee left the target Federal Funds Rate unchanged at 5.25%-5.50%. The Committee also showed an updated dot plot and updated projects that call for a median final rate goal of 5.10% by the end of the year. The dot plot shows about one rate cut, compared to the March projection of about three and a final rate goal 4.6%.
Fed's Jerome Powell is expected to speak before a press conference at 2:30 PM EST, watch it on moomoo live:
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