**SUMMARY OF FOMC Late NIGHT:**
- FOMC : The fed has announce no rate cuts, rates unchanged.
MARKET WAS EXPECTING THIS !!
- Federal Reserve says "the risks of higher unemployment and higher inflation have risen."
- Fed Chair Jerome Powell says "inflation has come down a great deal."
- Fed Chair Jerome Powell says if tariffs are not reduced, it can lead to "a rise in inflation, a slowdown in economic growth, and an increase in unemployment."
- Fed Chair Jerome Powell says the US economy is "resilient" and "doing fairly well."
- Fed Chair Jerome Powell says we won't make progress on goals this year if tariffs stay.
