Wu Blockchain (@WuBlockchain): Eleven of the 19 FOMC policymakers expect the Fed to cut interest rates at least twice this year, down from 15 in December. They also expect inflation…
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Eleven of the 19 FOMC policymakers expect the Fed to cut interest rates at least twice this year, down from 15 in December. They also expect inflation to rise to 2.7% this year from 2.5% in January. Powell said progress in reducing inflation could be temporarily delayed because of the looming tariffs.