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MNI: Fed Dots Likely Split Between 1 And 2 Cuts This Year

(MNI) WASHINGTON

Former Fed officials discuss expectations for June economic projections.

Federal Reserve officials' interest rate projections Wednesday are expected to cluster around one or two rate cuts this year, down from the majority view of three cuts in March, former Fed officials told MNI.

The median dot in the so-called "dot plot" in the quarterly Summary of Economic Projections is more likely to show two cuts, the former officials said, but there's a decent chance of a hawkish surprise of only one cut by December.

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Federal Reserve officials' interest rate projections Wednesday are expected to cluster around one or two rate cuts this year, down from the majority view of three cuts in March, former Fed officials told MNI.

The median dot in the so-called "dot plot" in the quarterly Summary of Economic Projections is more likely to show two cuts, the former officials said, but there's a decent chance of a hawkish surprise of only one cut by December.

Keep reading...Show less