- Updating its economic forecasts, the Fed continues to see the longer-run median Fed Funds rate at 3%. Fed Funds at year-end remains at 1.4%, and at 2.1% for 2018. 2019 is seen at 3% vs. 2.9% previously.
- The jobless rate for this year, 2018, and 2019 continues to be seen at 4.5%.
- GDP growth is still seen at 2.1% this year, but has ticked up to 2.1% in 2018. 2019 remains at 1.9%.
- Inflation continues to be expected at 1.9% this year, and 2% in 2018 and 2019.
- Janet Yellen's press conference begins at 2:30 ET.
- Previously: FOMC hikes, expects two more boosts this year (March 15)