FOMC Announcement of Rates & Inflation conditions

SPX sees some downward pressure

FOMC Announcement
Unemployment seen around 3-4%
Inflation Elevated then "moderating"
Upward pressure on spending with supply bottlenecks "larger than anticipated"...
Prediction of 2022 inflation 2.2% for 2022
Inflation Goal 2% is goal
2023 projections on Fed rates above 3%

Ed-We will see in June & July CPI rates...