The Fed's Predictions for Rate Cuts

New projections show policymakers favor 50 basis points of additional increases this year. That's funny, which would push borrowing costs to about 5.6% higher than most economists and investors have been expecting. The market has converged hawkishly to the feds 2023 year end expectations remains more dovish in 2024 expecting more rate cuts, but then considerably more hawkish in 2025 rate cuts reigniting inflation.