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This is the sixth meeting of the FOMC. It's done, Tim. It is done. And we just wrapped up,

listening to FedShare, J Powell, talking about the decision and the economy and what's

to come. Well, you know what, Carol? The Fed leaves rates unchanged, signals one more rate hike this

year. Powell says Central Bank to proceed carefully on a rate path.

Carefully. It was like a drinking game every time he said careful or carefully.

I hope you weren't drinking during that because you would be drinking a lot. And then to your treasury yields, they went flat after that initial surge. Unbelievable. All right, so let's get to it. I will say the Fed chief saying that there's so much uncertainty around the timing of rate cuts. And that was something I felt like in the press conference that reporters were trying to pin him down to and he would not be pinned, although it does

feel like higher for longer. All right. So let's get to it. Let's get some analysis because we did get an

upbeat, I should say, an update on those economic projections from the Federal Reserve. And that was

certainly something we were all focused on. What we have with us or who we have with us, a former Bloomberg colleague, Yelaina Shalai,

Eva, senior U.S. economist at B&P Paribati on Zoom in New York City, and then Bloomberg

economics, U.S. economist, Stuart Paul, he's here in our Bloomberg Interactive Broker

Studio. Stuart, I do want to start with you. What are or were the key points of today's

decision and what Jay Powell chose to stress

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