Rates Spark: A Wednesday Afternoon Of Drama From The U.S.
2025-06-18 02:35:00 ET
By Padhraic Garvey, CFA | Michiel Tukker | Benjamin Schroeder
Fed's dot plot will be watched, but uncertainty reduces its meaningfulness
No forecaster expects the Fed to change its policy stance on Wednesday, and markets also price a steady hand as the FOMC is seen in a wait-and-see mode as it watches the outcome and impact of the US government's tariff policies. More focus will thus be on the Fed’s updated projections and whether they will still show, for instance, the median expectation of two 25bp cuts this year. There is indeed a good chance that the median could shift to showing just one cut, as it would just take two FOMC members to change their view from two cuts to one....
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Rates Spark: A Wednesday Afternoon Of Drama From The U.S.
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