BREAKING: Fed goes full hawkish and kills rate cut hopes for this year
Rates unchanged at 3.50%–3.75%. Unanimous 12-0 vote (no dissents). Fed says inflation remains elevated. Dot plot (their rate projections) turned more hawkish: 9 members see at least 1 rate hike this year. 5 see 2 hikes. 1 even sees 3 …