Coin Bureau, relaying another source: Fed policy rate will rise

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

markets both to the upside and to the downside in recent weeks last week's price action is a great example of this markets rallied leading up to the fed's press conference and spiked on the day before this is because of the release of the Consumer Price Index or CPI for November which revealed that inflation is coming down quicker than investors expected investors were hoping that this positive data would translate to a pause or even pivot by the FED but Jerome pulled off what some have been calling the Powell rug pull instead in short Jerome said interest rates will continue to increase well into 2023 and will stay high indefinitely until inflation truly comes down prior to the press conference investors were expecting the FED to pause raising interest rates some thought that it could be as early as next year possibly as soon as the January meeting once Jerome made it clear that this wasn't happening the market started to decline in response to the sudden uncertainty as you'll soon see however this only scratches the surface of the fed's most recent forward Guidance the FED press conference began with a short speech by Jerome himself and I'll quickly note that this particular conference

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.