such more long-term approaches, one more article, one more publication is important, i think lawrence friedmanwho has commented a lot since the beginning of the war in ukraine, i like it. to be honest, his balanced comments are always so careful and they are always not very different afterwards from his predictions from reality, and he says that he, by the way, argues with mark geleotti, a very well-known kremlinologist, so to speak, and an expert on the russian federation, geleotti also wrote a large publication about what putin hopes to wait. not losing to trump and for russia is already a victory, here he argues a little with him, and lawrence friedman believes that putin actually believes that next year, or this winter, whatever, russia will be able to make some breakthroughs and achieve military successes , he still doesn't rejects this opinion and hopes for a victory that will be more, so to speak , more obvious, both for the world and for russia, er, or whether it is for the russians in principle, this option remains, we also see that the president zelensky is now talking a lot about st

friedman. his name is back in the discussion. speaking of wall street legend we have art laffer. edward lawrence live at the federal reserve. >> reporter: the federal reserve is saying no rate hikes this time around. they leave rate unchanged. next year the dot plot is showing three rate cuts in 2024, three rate cuts in 2025 and three more in 2026. let's turn to the statement. the fed changed the statement it eased over the past year but remains elevated. a nod to the dip we've seen over the last 12 months. the decision on rates was unanimous empty meeting. turning to economic growth, the fed sees economic activity stronger this year then a significant downturn in 2024. the gdp projections 2.6% to end this year to fall to 1.4% in 2024 next year with 1.8% then in 2025. the fed sees unemployment rate going to 4.1% next year staying there. members believe that is where the unemployment rate needs to be to meet the 2% target on inflation. the fed sees a drop to upper two range next year, this year i should say on inflation next year, falling to 2.4% by end of 2024. 2.1% by end of 2025. not reaching