👉Jerome Powell, the head of the Federal Reserve, will be speaking at 2:30 p.m. ET.
🔍Fed Leaves Key Overnight Interest Rate Unchanged. Four Fed Officials Expect No 2025 Cuts, Versus One In December; Fed Raises 2025 Core PCE Inflation Forecast To 2.8% From 2.5% In December; Raises 2025 PCE Inflation Forecast To 2.7% From 2.5% In December; Raises 2025 Unemployment Forecast To 4.4% From 4.3% In December; Cuts 2025 GDP Growth Projection To 1.7% From 2.1% In December; Fed Officials See Fed Funds Rate At A Median Of 3.0% In Longer Run; See Fed Funds Rate At A Median Of 3.1% At End Of 2027; See Fed Funds Rate At A Median Of 3.4% At End Of 2026.
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Chapters:
00:00 Video start
09:59 Fed Chair Powell gives FOMC statement
17:48 Q&A
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