BlockBeats News, March 20th, Portfolio Manager Ryan Weldon of IFM Investment Company stated that the Fed's statement and updated dot plot highlight the volatility of the data and the uncertainty the Fed faces in restarting a rate-cutting cycle.
Weldon commented: "Although the labor market has stabilized and inflation seems to be slowly approaching the target, the Fed will need several months of sustained data to convince them to cut policy rates again." He also stated that the Fed needs to strike a balance between significantly lower economic growth expectations and higher inflation expectations for 2025. (FXStreet)
