Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies within it Core Insights - The FOMC left rates unchanged but revised projections for GDP growth and inflation, indicating a more comfortable stance on inflation than previously anticipated [2][3] - The median projected GDP growth was marked down for 2025 and 2026, with a return to trend growth expected in 2027 [3] - Unemployment rates are projected to remain at 4.5% for 2025 and 2026, dipping slightly to 4.4% in 2027 [2][8] - Core PCE inflation is expected to decrease from 3.1% in 2025 to 2.1% in 2027, but neither headline nor core inflation is projected to return to target levels [2][8] Summary by Sections Economic Projections - Change in real GDP is projected at 1.4% for 2025, 1.6% for 2026, and 1.8% for 2027, with long-run growth also at 1.8% [8] - Unemployment rate projections are 4.5% for 2025 and 2026, and 4.4% for 2027, with a long-run projection of 4.2% [8] - PCE inflation is projected at 3.0% for 2025, 2.4% for 2026, and 2.1% for 2027, with a long-run projection of 2.0% [8] - Core PCE inflation is projected at 3.1% for 2025, 2.4% for 2026, and 2.1% for 2027 [8] - Federal funds rate projections are 3.9% for 2025, 3.6% for 2026, and 3.4% for 2027, with a long-run projection of 3.0% [8]