Tl;dr: Rates unchanged (in target range of 5.25%-5.5%, a 22-year high) but hawkish-er than expected forecast for rates… but at the same time signaled a ‘soft landing’ with higher growth forecasts. Dot plot’ of rate projections shows policymakers still foresee one more hike this year, but 2024 and 2025 rate projections each rose by a […] Source