00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Federal Reserve voted 11 to 1 to hold its benchmark rate at 3.5% to 3.75%
00:08as policymakers assessed elevated inflation, mixed labor data, and uncertainty from the
00:14Iran war, according to CNBC. Officials raised 2026 inflation projections and slightly increased
00:20growth forecasts. The dot plot showed expectations for one rate cut this year and another in 2027,
00:26though timing remains unclear. Stocks fell after the decision and comments from Jerome Powell
00:32highlighted inflation risks tied to rising oil prices. Policymakers expect inflation to reach
00:372.7% this year before easing toward 2% later. President Trump criticized Powell for not
00:44lowering rates. Powell said it was too soon to determine the war's economic impact.
00:48For all things money, visit Benzinga.com.
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