2026-03-18 07:02:17
First Citizens Bank: Fed Dot Plot Expected to Show Only One Rate Cut Remaining in 2026
Gate News alert: On March 18, Phil Neuhart, head of markets and economic research at First Citizens Bank, stated that investors and markets will pay special attention to the median federal funds rate forecast for the end of 2026. Neuhart believes the median will continue to show only one rate cut for the remainder of this year. He pointed out that besides the Federal Open Market Committee (FOMC) projections, the tone of Powell's press conference will be a key variable in moving markets, particularly how he will address the contradiction between recent oil price surges and weak labor market data.