FOMC

The Fed voted to leave the policy rate unchanged  at 4.25% to 4.50%. Economic Growth for 2025 was sharply marked down, while Inflation was marked up (Stagflation). Cut year-end GDP forecast from 2.1% to 1.7% Raised year-end core PCE (inflation) forecast from 2.5% to 2.8% Raised year-end unemployment forecast from 4.3% to 4.4% The Fed…