MNI: FED HOLDS RATES AT 4.25%-4.5%, SEES 2 CUTS THIS YEAR
Mar-19 18:00
- MNI: FED HOLDS RATES AT 4.25%-4.5%, SEES 2 CUTS THIS YEAR
- FOMC SLOWS PACE OF QT TO $5B/MO FROM $25B FOR TREASURIES
- 9 FED OFFICIALS SEE 2 CUTS THIS YEAR (VS 10 IN DEC)
- 4 SEE NO CUT THIS YEAR, 4 SEE 1 CUT, 2 SEE 3 CUTS
- MEDIAN FED FUNDS RATE FORECASTS UNCHANGED FOR ALL YEARS
- 2025 GDP FORECAST FALLS TO 1.7% (VS 2.1% IN DEC)
- END-2025 UNEMPLOYMENT RATE SEEN 4.4% (VS 4.3% IN DEC)
- 2025 HEADLINE INFLATION REV UP TO 2.7% (VS 2.5% DEC)
- 2025 CORE INFLATION REV UP TO 2.8% (VS 2.5% IN DEC)
- FOMC LEAVES CAP ON MBS RUNOFF UNCHANGED AT $35B/MO
