He The US Federal Reserve's dot plot released at the March meeting has kept the outlook for rate cuts by the end of 2024 unchanged at 4.6%as projected in December.
The Fed has raised 2025 projections to 3.9% from 3.6% forecast in December. In 2026 rates are expected to be 3.1% compared to 2.9% previously. In the long term, rates are projected at 2.6%, one tenth above the previous 2.5%.
Regarding the Gross Domestic Product (GDP), the forecast for 2024 rises to 2.1% from 1.4% projected in December. In 2025 and 2026, the country would grow at a rate of 2%, exceeding the 1.8% and 1.9% projected respectively for each of these years.
The dot plot lowers the unemployment rate by the end of 2024 to 4% from 4.1% previously.
About inflation PCE It is expected to remain at 2.4% at the end of the year, without variations compared to the December projection. He Core PCE is expected to rise to 2.6% by the end of 2024, above the 2.4% previously forecast.
Source: Fx Street
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