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MNI: Fed SEP To Show 2 Or Fewer Cuts, Two-Sided Economy Risks

MNI reports on the outlook for the Fed's Summary of Economic Projections for March.

MNI (WASHINGTON) - Federal Reserve officials are seeing increased risks to both the inflation and employment sides of their mandate, likely leading them to pencil in just two rate cuts or fewer for 2025 this week while revising up their forecast for price pressures and curtailing growth expectations, ex-policymakers and staffers told MNI. 

"I can imagine because of uncertainty and some tariff-driven upside inflation risk that a certain number of people shift to fewer than two cuts and some of the doves shift to two," said Dennis Lockhart, former president of the Atlanta Fed.  

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MNI (WASHINGTON) - Federal Reserve officials are seeing increased risks to both the inflation and employment sides of their mandate, likely leading them to pencil in just two rate cuts or fewer for 2025 this week while revising up their forecast for price pressures and curtailing growth expectations, ex-policymakers and staffers told MNI. 

"I can imagine because of uncertainty and some tariff-driven upside inflation risk that a certain number of people shift to fewer than two cuts and some of the doves shift to two," said Dennis Lockhart, former president of the Atlanta Fed.  

Keep reading...Show less