Federal Reserve Update: Rate Hike Decision Issued, Press Conference Still Pending 🚨
The Federal Reserve raised rates by 25 basis points, moving the target range from 3.50–3.75% → 3.75–4.00%. The decision was unanimous.
This is not the end of today’s event. A press conference by the Fed Chair, Jerome Powell, scheduled for 2:30 PM ET / 18:30 GMT (UTC), is still pending. The Fed’s official calendar confirms the press conference comes after the policy announcement at 2:00 PM.
📊 What came with the decision
Dot Plot: 16 of the 18 currently serving officials expect at least one more 25-basis-point hike before the end of 2026. The forecasts indicate the policy rate will reach roughly 4.00–4.25% by year-end, staying at about that level through the end of 2027.
Inflation: PCE inflation expectations for 2026 were raised to 3.7% from 3.6%. The Fed’s projections do not show inflation returning to the 2% target until 2029.
Growth: GDP growth expectations edged up from 2.2% → 2.3%.#FedRateWatch #XRPSinks10% #MSTRTradingVolumeSurpassesMorganStanley
The Federal Reserve raised rates by 25 basis points, moving the target range from 3.50–3.75% → 3.75–4.00%. The decision was unanimous.
This is not the end of today’s event. A press conference by the Fed Chair, Jerome Powell, scheduled for 2:30 PM ET / 18:30 GMT (UTC), is still pending. The Fed’s official calendar confirms the press conference comes after the policy announcement at 2:00 PM.
📊 What came with the decision
Dot Plot: 16 of the 18 currently serving officials expect at least one more 25-basis-point hike before the end of 2026. The forecasts indicate the policy rate will reach roughly 4.00–4.25% by year-end, staying at about that level through the end of 2027.
Inflation: PCE inflation expectations for 2026 were raised to 3.7% from 3.6%. The Fed’s projections do not show inflation returning to the 2% target until 2029.
Growth: GDP growth expectations edged up from 2.2% → 2.3%.#FedRateWatch #XRPSinks10% #MSTRTradingVolumeSurpassesMorganStanley
