The FOMC forecasts indicate the possibility of two rate cuts during the year, each likely to be 0.25 percentage points, which could lower the rate to 3.75%–4.00% by the end of the year.

These forecasts accompany the revised economic forecast: the FOMC lowers the GDP growth forecast for 2025 to 1.7% from the previous 2.1% and raises the inflation forecast to 2.7%.

However, it is important to note that these forecasts may change, as FOMC members have expressed differing opinions on the necessity and timing of rate cuts, reflecting the inherent uncertainty in economic conditions.

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