They didn't announce it. The projected rate increase is the result of the dot plots, which is the assessment of both governors and regional members of the FOMC

They didn't announce it. The projected rate increase is the result of the dot plots, which is the assessment of both governors and regional members of the FOMC. It is not binding and it serves merely as a projection. If you watch the press conference, you can tell how annoyed Powell is at constantly having to answer questions stemming from what the dots show.