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Federal Reserve Board member Milan lowers interest rate cut expectations, possibly cutting rates 3-4 times
ME News Report, April 16 (UTC+8), Federal Reserve Board Member Mullan stated that given the inflation situation that existed before the Middle East conflict, he may once again lower his interest rate cut expectations for this year. Mullan mentioned that if he were to draw a dot plot now, he would lean towards 3 rate cuts, possibly 4, but has not made a final decision. In March, he expected 4 rate cuts this year, each of 25 basis points, but the pace of cuts might slow if the price trend becomes “less favorable.” (Source: ChainCatcher)