Fed projections to show if rate cut outlook stays intact through strong data
No one expects the Federal Reserve to change interest rates at next week's policy meeting, but whether officials hold to their previous rate-cutting outlook is a more open question as the economy keeps outperforming expectations. Data since the Fed last met has confirmed policymakers' broadly shared baseline that their overnight interest rate will fall this year, with Fed Chair Jerome Powell telling U.S. lawmakers last week the central bank was "not far" from gaining enough confidence in declining inflation to reduce rates. It will be a vote, in effect, on whether improve...
Source: yahoo.com
