Analysis: Dot plot shows one rate cut this year, awaiting Powell's guidance

2026-03-18 07:01:16

Odaily Planet Daily reports that First Citizens Bank’s Head of Market and Economic Research, Phil Neuhart, stated that investors and markets will pay particular attention to the median forecast of the federal funds rate at the end of 2026. It is difficult to predict, but we believe the median will continue to show only one rate cut for the rest of this year. In addition to the Federal Open Market Committee’s projections, the tone of Powell’s press conference will be a key variable influencing the market, especially how he will address the contradiction between the recent surge in oil prices and soft labor market data. (Jin10)

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