Analyst R.Burns Mckinney reported online that investors know interest rates will not change, but they are focusing on the Fed's forecast to cut interest rates between now and the end of the year. The previous dot chart predicted two interest rates, and investors were worried that this forecast would be lowered to one. However, the Fed kept its expected rate cut to two times, and investors generally like to see that. However, Powell's comments also suggest that the FOMC raised its estimate of year-end inflation and lowered its guidance on full-year GDP growth. Slowing GDP growth may be the reason why the central bank maintained its previous expectations; however, investors are concerned that a higher inflation outlook means fewer interest rate cuts will be made in the future.