The median forecast shows rates at 5.1% end-2023, 4.3% end-2024.
'Some additional policy firming may be appropriate.'
FOMC deletes reference to ongoing increases.
US banks are sound, resilient but events to weigh on growth.
Likely to see tighter credit conditions that weigh on economic activity, hiring and inflation.
Meanwhile, Federal Reserve chairman Jerome Powell is speaking to the press in an event that started at 18.30GMT.
Fed hikes policy rate by 25 bps as expected, focus shifts to Powell – LIVE
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