A majority of governors are in favor of raising rates again this year and two more increases are expected.
The Fed gave a target 5.6% terminal rate, or where it wants the number to settle.
ChairmanJerome Powelljust wrapped a press conference to take questions on the Feds thinking.
Federal Reserve Chair Jerome PowellAP Images
Its off its lows.
Job gains have been robust in recent months, and the unemployment rate has remained low.
Still, core inflation is still double the Feds target of about 2%.
Powell said July would be a live meeting.
We have to get it down to 2% and we will.
But we just dont see that yet, Powell said at the presser, talking of inflation.
Disney, the sole Dow component in themediaspace, is down 1.73%.
Lionsgate is off by 2%, Warner Bros.
Discovery by 1.27%, Paramount Global by 0.13%.
