TechFlow News, March 19: According to JINSHI Data, Philip Marey, Senior U.S. Strategist at Rabobank, noted that although inflation and growth expectations have been revised upward, the FOMC still forecasts one rate cut in 2026—indicating its expectation to overlook the temporary rise in energy prices. Given the FOMC’s muted reaction to the inflationary impact stemming from the Iran conflict, Rabobank now expects the Federal Reserve to cut rates once in September and once in December—reducing its prior forecast of three cuts. This adjustment reflects Rabobank’s view that, once Waller assumes the role of new Chair, he will seek to persuade the Committee to deliver more than one rate cut. However, the bank also warns that further escalation of the Iran conflict could lead it to revise downward its 2026 rate-cut forecast once again.
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