Fed's Powell: The economy is expanding.

LIVE NOW: Press conference with #FOMC Chair Powell: https://t.co/1uJrua5qsH  and

LIVE: Fed Chair Jerome Powell FOMC Press Conference

WATCH LIVE: FOMC Press Conference Following Monetary Policy Decision Approx. 18:30 GMT #FOMC $USDJPY $DXY

Powell speaking in ten minutes. Listen live:

Qatar Interior Ministry: Civil Defense Dealing With Fire In Ras Laffan Area Following Iranian Attack

Qatar Interior Ministry: Civil defense is dealing with a fire in the Ras Laffan area after an Iranian attack.

Iranian Gas Company: Situation is expected to return to normal in Pars soon #OOTT

Google $GOOGL just announced the launch of “vibe design” with Stitch “Today, we are evolving Stitch into an AI-native software design canvas. With it, anyone can create, iterate and collaborate to turn natural language into high-fidelity UI designs”

Fed Summary Fed projections show seven policymakers saw no rate cut in 2026, one sees rates higher in 2027. See end-2026 PCE inflation at 2.7% compared to 2.4% in December; core is seen at 2.7% compared to 2.5%. See 2.4% GDP growth in 2026 compared to 2.3% in December, see longer-run growth at 2.0% compared to 1.8% in December Fed maintains projections for one rate cut in 2026, one in 2027.

US rate futures expect Fed to resume rate cut either in December or January 2027 - Data.

🔴 US interest rate futures see 21 BPS of easing in 2026, unchanged from prior Fed statement.

FOMC: Implications Of Developments In Middle East For US Economy Are Uncertain - Uncertainty About Economic Outlook Remains Elevated - Available Indicators Suggest Economic Activity Has Been Expanding At 'Solid Pace' - Job Gains Have Remained Low, Unemployment Rate Has Been Little Changed In Recent Months - Inflation Remains Somewhat Elevated - 'Attentive' To Risks To Both Sides Of Dual Mandate #FOMC $USDJPY $DXY

JEROME POWELL THE 🇺🇸 FED JUST SAID THEY EXPECT TO CUT RATES JUST 1 TIME THIS YEAR Here's what the Fed currently expects for the end of 2026 based on the SEP: - Interest Rates: ending 2026 at 3.25%-3.50% unchanged from its previous forecast - Growth (GDP): of 2.4% up from its previous 2.3% forecast - Unemployment Rate of 4.4% unchanged - Inflation (PCE) of 2.7% up from its previous 2.4% forecast (The SEP gets updated once every quarter and shouldn't be taken as this is what they're going to do but more as what they currently expect going forward based on current conditions)

JUST IN: The median core PCE inflation forecast revised to 2.7% from 2.5%.l bu the Fed. The median long-run rate “dot” revised up to 3.1%.