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[Institution: Fed Likely To Lower GDP Forecast And Raise Inflation Outlook]Frederik Ducrozet, Head Of Macroeconomic Research At Pictet Wealth Management, Stated In A Report That The Federal Reserve Is Expected To Keep Interest Rates Unchanged At Tonight’s Meeting, With Fed Chair Jerome Powell Likely To Reaffirm That There Is No Urgency To Cut Rates.Ducrozet Anticipates That The Fed Will Lower Its 2025 GDP Forecast, Raise Its Inflation Projection, And Acknowledge Increased Uncertainty. The Dot Plot Is Expected To Maintain The Median Expectation Of Two Rate Cuts This Year, Though The Risk Is Tilted Toward Just One Cut.Pictet Wealth Management Also Expects The Fed To Implement One Rate Cut In June, But No Further Cuts In 2025 Due To A Reacceleration Of Inflation.
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