Today is the FOMC announcement day and CPI report day. As expected, the Fed kept rates unchanged. The FOMC statement is basically the same as the May one except for a change of wording on from “a lack of progress” to “modest progress” toward the 2% inflation objective. In addition to the rate decision, people were also anxiously waiting for the rate projections aka dot plot for 2024 and beyond. The FOMC members’