MNI: FED cuts FUNDS RATE 25BP TO 4%-4.25%; VOTE 11-1
Sep-17 18:00
- MNI: FED CUTS FUNDS RATE 25BP TO 4%-4.25%; VOTE 11-1
- GOV MIRAN DISSENTS IN FAVOR OF LARGER 50BP CUT
- MEDIAN FOMC MEMBER SEES 2 MORE CUTS THIS YEAR, 1 CUT '26
- 9 OFFICIALS SEE 2 MORE CUTS THIS YEAR, 9 SEE 1 OR FEWER
- LOWEST DOT AT 2.875% FOR 2025, 2.625% IN 2026
- MEDIAN INFLATION PROJECTIONS REVISED UP TO 2.6% IN 2026
- MEDIAN UNEMPL PROJECTION REVISED DOWN TO 4.4% IN '26
- FED: 'DOWNSIDE EMPLOYMENT RISKS HAVE RISEN'
- FED: INFLATION HAS MOVED UP, REMAINS SOMEWHAT ELEVATED
