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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 Milan stated that given the inflation situation that had already appeared before the Middle East conflict, he might revise down his interest rate cut expectations for this year again. Milan mentioned that if he were to draw a dot plot now, he would lean towards 3 rate cuts, possibly 4, but no final decision has been made. In March, he expected 4 rate cuts this year, each by 25 basis points, but if the price trend becomes “less favorable,” the pace of rate cuts could slow down. (Source: ChainCatcher)