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FOMC: Instant Answers: Fed Sees 3 Cuts In '24, Higher Rates In '25, '26

FED
  • Federal Funds Rate Range Maximum (%): 5.5%
  • Number of dissenters on size of rate move: ZERO
  • Does the FOMC say the pace of QT will be slowed for Treasuries? NO
  • Does the FOMC say QT will end without tapering for Treasuries? NO
  • Median Projection of PCE inflation at End of 2024: 2.4% vs 2.4% in Dec
  • Median Projection of Core PCE inflation at End of 2024: 2.6% vs 2.4% in Dec
  • Median Projection of Fed Funds Rate at End of 2024: 4.6% vs 4.6% in Dec
  • Median Projection of Fed Funds Rate at End of 2025: 3.9% vs 3.6% in Dec
  • Median Projection of Fed Funds Rate at End of 2026: 3.1% vs 2.9% in Dec
  • Median Longer Run Projection of Fed Funds Rate: 2.6% vs 2.5% in Dec 
  • Number of 2024 dots > 4.875%: FOUR
  • Number of 2024 dots > 4.625%: NINE
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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