March FOMC Meeting: Growth Slows, Inflation Rises, Powell Reassures
Source: SeekingAlpha
2025-03-21 01:55:00 ET
Summary
- At its March meeting, the Federal Open Market Committee decided to keep its benchmark policy rate unchanged at 4.25%-4.50% as expected.
- The new Summary of Economic Projections showed a meaningful downward revision to growth forecasts, coupled with an upward revision to the inflation forecasts.
- The Fed decided to slow quantitative tightening, reducing the pace of balance sheet runoff from $25bn to $5bn per month.
By Seema Shah, Chief Global Strategist
At its March meeting, the Federal Open Market Committee decided to keep its benchmark policy rate unchanged at 4.25%-4.50% as expected....
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March FOMC Meeting: Growth Slows, Inflation Rises, Powell Reassures
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