Powell vs Trump: Fed Likely to Resist Pressure for Big Rate Cuts
At Wednesday’s Federal Reserve meeting, officials are widely expected to keep the target federal funds rate unchanged at 4.25%–4.50%. Attention will focus on the Fed’s quarterly “dot plot,” which summarizes each policymaker’s forecast for the path of interest rates. The prior dot plot signaled a consensus outlook for two rate cuts in 2025. Analysts generally … Read more