FOMC Summary 🏛️


> No change to interest rates
> Decision reached unanimously (12-0)
> Inflation remains elevated relative to 2% goal
> Fed doesn't see inflation targets hitting until 2028
9 Fed policymakers now see a rate hike this year, up from 0 just three months ago
The Fed pivot is well and truly underway
Kevin Warsh clearly bracing for inflation
Hawkish
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