The Federal Reserve continues to keep interest rates unchanged, expecting two rate cuts this year
The Federal Reserve has maintained the benchmark interest rate at 4.25%-4.50%, marking the fourth consecutive meeting without change, in line with market expectations.
The Fed's dot plot shows that two rate cuts are expected in 2025 (with the expectation for March being two).
Among the 19 officials, 7 believe there will be no rate cuts in 2025 (4 in March), 2 believe there should be a total cut of 25 basis points in 2025, meaning one rate cut (4 in March), 8 officials believe there should be a total cut of 50 basis points in 2025, meaning two rate cuts (9 in March), and 2 officials believe there should be a total cut of 75 basis points in 2025, meaning three rate cuts (2 in March).