Hi, I'm Lisa Mateo, introducing you to the new Stockmovers report from Bloomberg.

These are short audio reports, five minutes or less, delivered right to your podcast feed throughout the day.

Stockmovers fills you in on the day's winners and losers on Wall Street and tells you about the news and data that's

driving those gains and losses. If you want to stay plugged into the stock market, but don't

want to spend all day watching tickers scroll across your screen, then Stock Movers is a place for you

to get informed. Listen a couple times throughout the day to find out what's moving equities and why.

Search for stock movers on Apple Podcasts, Spotify, or anywhere else you listen.

Get the latest stock news and data backed by reporting from Bloomberg's 3,000 journalists and analysts across the globe.

Subscribe to Stockmovers, wherever you get your podcasts.

Bloomberg Audio Studios.

Podcasts, Radio, News.

With your Fed decision, here's Mike McKee.

Two dots, no rate move.

The median of the 19 Fed officials' projection for rate cuts this year moves to two from three in March.

Policymakers are quite divided, however.

Eight members see just two cuts this year.

Seven see only one. Four vote no change. They now have four penciled in for 2025, although the range is so wide, it's almost meaningless. The neutral rate also moves up. The median now 2.8% from 2.6%, although they don't

get there until after 2026. 9 members see neutral as 3% or higher, one as high as 3.75%.

The Fed's target range stays in the range of five and a quarter to five and a

half percent. No change in the 2.1 percent GDP projection for two thousand twenty four, two percent

for next year. No change in the four percent unemployment forecast for this year, though

two thousand twenty six moves up a tick from March to 4.2%.

...