Read more: The Fed’s dot plot explained Trump’s strikes on three Iranian nuclear sites over the weekend inject yet another layer of unknowns into those discussions as central bank officials ...

The Fed’s statement and dot plot were in line with expectations with the Fed raising inflation expectations for 2025 from 2.8% to 3.0% and reduced the growth forecast to 1.3% from 1.7%.

While there was no surprise in the Fed holding its target interest rate steady, the updated Summary of Economic Projections (SEP) and dot plot revealed deeper divisions within the committee.