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MEDIAN FOMC OFFICIAL SEES 3 CUTS IN 2024, UNCH FROM DEC

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MEDIAN FOMC OFFICIAL SEES 3 CUTS IN 2024, UNCH FROM DEC

MNI: FED HOLDS RATES AT 5.25%-5.5%; NO DISSENTS

9 OFFICIALS SEE 3 CUTS IN '24, ANOTHER 9 SEE 2 OR FEWER

FOMC REVISES '24 CORE PCE TO 2.6% FROM 2.4% IN DEC

NO CHANGES TO GUIDANCE OR QT LANGUAGE

RATES PROJECTIONS REVISED HIGHER FOR 2025,'26,LONGER RUN

MEDIAN FED FUNDS RATE SEEN 3.9% AT END-'25 VS 3.6% IN DEC

MEDIAN FED FUNDS RATE SEEN 3.1% AT END-'26 VS 2.9% IN DEC

LONGER RUN FED FUNDS RATE MEDIAN AT 2.6% VS 2.5% IN DEC

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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