**Fed Freaks on Inflation, Trump Presser Now

WATCH: Trump Criticisms Loom for Presser

Full Contents:

1. Rate Decision and “tone”

2. Written Statement

3. Press Conference

4. Press Conference Video link

Bottom Line:

• Fed did not cut- very expected

• Fed statement took a decidedly hawkish turn- very unexpected

KEY STATEMENTS

• FED KEEPS RATES UNCHANGED AS EXPECTED

• *FED REMOVES REFERENCE TO INFLATION MAKING PROGRESS TOWARD GOAL

• *FED: UNEMPLOYMENT 'STABILIZED,' LABOR MARKET REMAINS 'SOLID'

Press conference link at bottom.