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Among the interesting outcomes of today's Federal Reserve policy meeting, which left interest rates unchanged, was a discernible stagflationary flavor in the 2025 projections: Growth was downgraded by 0.3 percentage points to 1.4%, while core inflation was raised by the same

While on central banks, look for the US Federal Reserve to leave interest rates unchanged today. There is considerable interest in: The extent to which it will lower its growth projection. What it does with its inflation forecast. Whether the dot plot will leave two rate cuts

Immediate takeaways per @Bloomberg from #FOMC statement: •Federal Open Market Committee votes to maintain benchmark interest rate in target range of 4.25%-4.5% •Dot plot of rate projections shows median official expected to lower rates by a half percentage point in 2025,

While median interest-rate forecast for this year was unchanged, #FOMC participants now see fewer cuts in 2026 and 2027 (updated dot plot below) @Bloomberg pic.x.com/RdlIQMgTIe