WATCH: Jerome Powell’s post-FOMC press conference

The Federal Reserve raised interest rates by an expected 50 basis points to a 15-year high of about four percent.

The Federal Open Market Committee (FOMC) also published the latest dot-plot, which does not suggest inflation will rise any higher or the U.S. will slip into a recession next year, although the unemployment rate is expected to flirt with the five percent market.

Here is the dot-plot:

:

Here is the post-FOMC press conference:

https://www.youtube.com/watch?v=Ho2iJXlcmR8