TechFlow news, March 19 — According to Jinshi Data, Frederik Ducrozet, Head of Macroeconomic Research at Pictet Wealth Management, said in a report that the Federal Reserve is expected to hold interest rates steady at tonight's meeting, and Fed Chair Powell may reiterate that the central bank is not急于 to cut rates. The Fed is expected to lower its 2025 GDP forecast, raise its inflation projection, and acknowledge rising uncertainty.
The dot plot is expected to show the median projection for two rate cuts this year remaining unchanged, with risks skewed toward only one cut. Pictet Wealth Management also expects the Fed to cut rates once in June, and due to renewed acceleration in inflation, no further cuts are anticipated in 2025.
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