The Federal Reserve made the widely expected move of leaving interest rates at a 23-year high on Wednesday and signaled just one quarter-point cut for the remainder of the year.
The central bank's rate-setting committee wrapped up its regularly scheduled two-day policy meeting by keeping the short-term federal funds rate unchanged at 5.25% to 5.5%. More interesting was the quarterly Summary of Economic Projections (SEP), also known as the dot plot, which shows the Federal Open Market Committee's (FOMC) estimated path forward for rates.
