Pictet: The Fed May Lower GDP Forecast and Raise Inflation Forecast

BlockBeats News, March 19th, BNP Paribas Wealth Management's Head of Macroeconomic Research, Frederik Ducrozet, stated in a report that the Federal Reserve is expected to keep interest rates unchanged at tonight's meeting. Federal Reserve Chairman Powell may reiterate that there is no rush to cut rates. It is expected that the Federal Reserve will lower its 2025 GDP forecast, raise its inflation forecast, and acknowledge increased uncertainty.

It is expected that the dot plot will show no change in the median expectation of two rate cuts this year, with a bias towards one rate cut. The Federal Reserve is expected to cut rates once in June, as inflation accelerates again, and there will be no further rate cuts in 2025. (FXStreet)