FOMC keeps rates unchanged via unanimous, via LiveSquawk:
Median rate forecast stays at 5.6%, 2024 Median at 5.1%
Twelve Officials See One More Hike This Year, 7 See On Hold
Job Gains Slowed In Recent Months But Remain Strong
Repeats Language On 'Extent Of Additional Policy Firming'
Sees Policy Rate 50Bps Higher Through 2025 Than Projected In June
Inflation Remains Elevated, Fed Remains 'Highly Attentive' To Inflation Risks
Economic Activity Expanding At A 'Solid' Pace, Job Gains Slowed But Remain Strong
Officials' Median View Of Fed Funds Rate At End-2024 5.1% (prev 4.6%)
- Officials' Median View Of Fed Funds Rate At End-2025 3.9% (prev 3.4%)
- Officials' Median View Of Fed Funds Rate At End-2026 2.9%
- Officials' Median View Of Fed Funds Rate In Longer Run 2.5% (prev 2.5%)
Projections Imply One More 25Bp Hike This Year, 50 Bps Of Cuts In 2024 (Vs 100Bps Of 2024 Cuts In June Projections)
Policymakers See Higher GDP Growth Of 2.1% In 2023, Lower Unemployment Rate, More Progress On Core Inflation T…
