Powell Says Fed Viewed Upbeat CPI Data as ‘Progress’

Stocks Hit Fresh Highs, Treasuries Pare Gains as Powell Concludes Remarks

Powell Says Dollar Strength Reflects US Economy’s Strength

Fed Viewed Upbeat CPI Data as ‘Progress’: Powell

Powell Says Fed Needs to See More ‘Good Data’

Recent Inflation Readings ‘Have Eased Somewhat’: Powell

Powell Say Labor Market Is Back to Pre-Covid Conditions

Powell Says Labor Market in Better Balance

Powell Says ‘Restrictive Stance’ to Be Retained to Reduce Inflation

Dot Plot

Longer-Run Estimate of Fed Funds rate Forecast Rises to 2.8%

Inflation Forecasts Raised for 2024

Bond Yields Slightly Pare Iniital Slide

Inflation Still ‘Elevated,’ Progress ‘Modest’

Decision Was Unanimous

Key Takeaways From Statement

FOMC Median Forecast Shows 100 Bps Rate Cuts in ‘25 vs 75 Bps

FOMC Median Forecast Shows 25 Bps Rate Cuts in ‘24 vs 75 Bps

Fed: Inflation Made Modest Further Progress in Recent Months

Fed Holds Benchmark Rate in 5.25-5.5% Target Range

Key Events

ImageLede

Former Reporter

Senior Editor

Former Journalist

Bloomberg subscribers can save articles and view them from any device.

Upgrade to an unlimited subscription to save articles and view them from anywhere.

Bloomberg subscribers can send up to {count} articles a month to anyone to read for free, including non-subscribers.

Upgrade your subscription to send up to {count} articles a month to anyone to read for free, including non-subscribers.

Copy article link

Hello,<p>A Bloomberg.com subscriber thought you might want to read this story. To read it, all you need to do is click on the link – no subscription necessary. (Please note the link will only be valid for {days} days.)

Email article link

Please try again. If the problem persists, please contact customer support.

Something went wrong

We've doubled your gift articles this month. Share up to {count} articles with friends, family or colleagues.

As a subscriber, you can gift up to {count} articles this month. The recipient can read the full article for free – no subscription necessary.

As a subscriber, you can gift up to {count} articles each month. The recipient can read the full article for free – no subscription necessary.