TechFlow news, on March 20, according to Jinshi Data, the Federal Reserve kept the benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations.
Starting April 1, it will slow the pace of balance sheet reduction by lowering the monthly cap on U.S. Treasury securities runoff to $5 billion, while maintaining the monthly runoff of mortgage-backed securities (MBS) at $35 billion.
The Fed's dot plot shows that among 19 officials, 4 believe no rate cuts should be made in 2025 (up from 1 in December), 4 believe rates should be cumulatively cut by 25 basis points in 2025, i.e., one rate cut (up from 3 in December), 9 believe rates should be cumulatively cut by 50 basis points, i.e., two rate cuts (down from 10 in December), 2 believe rates should be cumulatively cut by 75 basis points, i.e., three rate cuts (down from 3 in December), none believe rates should be cumulatively cut by 100 basis points (down from 1 in December), and none believe rates should be cumulatively cut by 125 basis points (down from 1 in December).
