🇺🇸 FOMC Update:

- Rates maintained at 5.25% to 5.50%.

- Fed projects a 0.25-point rate hike in '23.

- 0.5-point rate cuts expected in '24.

- Year-end '24 rate projection: 5.1%.

- '25 projection at 3.9%.

- Stronger GDP growth and lower unemployment forecasted. #FOMC #Economy