Fed policymakers project two rate cuts this year, some see fewer

Reuters - 19/03
U.S. central bankers on Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as they forecast slower economic growth and higher inflation.
WASHINGTON, March 19 (Reuters) - U.S. central bankers on Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as they forecast slower economic growth and higher inflation.
But there was substantial disagreement among policymakers about the appropriate path of policy, reflecting uncertainty over how the Trump administration's trade and other policies will play out in the real economy, and how the Federal Reserve should respond.

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As was widely expected, the Fed kept the policy rate unchanged in the 4.25-4.50% range. Nine of the 19 Fed policymakers expect it to be in the 3.75%-4.00% range by the end of this year, the Fed's quarterly summary of economic projections showed. Four policymakers felt one rate cut would be appropriate t...
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