fOMC Policy Statement/SEP

Fed Funds Rate Unchanged in 11:1 vote. Miran dissents again in favor of a rate cut. Fed Projects (1) 25 bp cut in 2026; (1) 25 bp cut in 2027. Implications of Middle East war, “Uncertain” Small downgrade to labor market; “some signs of stabilization” to “little changed in recent months” The new dot-plot show…