The Fed's Forecast for Rate Increases

A strong majority of committee participants expect that it will be appropriate to raise interest rates two or more times by the end of this year. Inflation pressures continue to run high in the process of getting inflation back down to two percent. The Fed has been saying all along it's very data dependent and we haven't got a lot of employment or inflation data yet. And so for the Fed, it's a question of do they really have to carry through with two rate increases?