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External broker reports(aggregated public sources)

FOMC Waits; Despite Politics, 3 Rate Cuts Are Likely This Year as Inflation Abates

Macroeconomics

<ul><li>The Fed today left rates unchanged while lifting their median year-end forecast to include only one rate cut, two less than in March.</li><li>In their economic projections they now expect core PCE inflation to end the year at 2.8%, up from 2.6% three months ago.</li><li>The growth forecast was left unchanged at 2.1% in 2024, before moderating to 2.0% over the next two years.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Fed today left rates unchanged while lifting their median year-end forecast to include only one rate cut, two less than in March.In their economic projections they now expect core PCE inflation to end the year at 2.8%, up from 2.6% three months ago.The growth forecast was left unchanged at 2.1% in 2024, before moderating to 2.0% over the next two years.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FOMC Review: Modest further progress