FOMC’s prediction for interest rates, GDP and inflation


The Federal Reserve building is pictured in Washington on Monday, March 8, 2021.

Caroline Brehman | CQ-Roll Call, Inc. | Getty Images

The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years.

The so-called dot-plot projections budged little, with most members still expecting to keep rates near zero through 2023.

Four of the 18 Federal Open Market Committee members were looking for a rate hike at some point in 2022, compared with just one at the December meeting. For 2023, seven members see a rate increase, compared with five in the December forecast. As the chart shows, a strong majority…


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