On March 20th, IFM Investment Company's portfolio manager Ryan Weldon stated that the Fed's statement and updated dot plot highlight the volatility of data and the uncertainty the Fed faces when restarting the rate-cutting cycle. Weldon said, "Although the job market has stabilized and inflation seems to be slowly approaching the target, the Fed will need several months of continuous data to convince them to cut policy rates again." He also said that the Fed needs to strike a balance between significantly lower economic growth expectations and higher inflation expectations for 2025.
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