The FOMC dot plot from December 2024 confirmed the median price on the finish of 2024 at 4.6%. Within the March report:
- For 2024, the median fed funds goal price is now 4.6% vs 4.6% in December
- For 2025, the median fed funds goal price is now 3.9% vs 3.6% in December
- For 2026, the median fed funds goal price is now 3.1% vs 2.9% in December
Beneath is the brand new dot plot from March 2024:
For comparability, the dot plot from December 2023 confirmed the next:
The Dot plot from December 2023
Relating to the central tendencies for GDP, Unemployment and PCE inflation (headline and core) beneath is the desk with comparisons from December:
Fed Central Tendencies from March 2024
Highlights from the central tendencies:
- PCE inflation for 2024 unchanged at 2.4%
- Core PCE inflation for 2024 moved increased from 2.4% to 2.6%
- Unemployment for 2024 moved decrease from 4.1% to 4.0%
- GDP for 2024 moved increased from 1.4% to 2.1%
The USD has moved decrease.
- EURUSD moved from 1.08652 to the present price of 1.0876
- USDJPY moved from 151.59 to the present price of 151.48
- GBPUSD moved from 1.2719 to the present price of 1.2740
- USDCHF moved from 0.8906 to the present price of 0.8894
- USDCAD moved from 1.3550 to the present price of 1.3530
within the US inventory market
- S&P index moved from 5174.17 to 5196.17
- NASDAQ index moved from 16158.70 to 16254.59
- Dow moved from 39107 to 39245
US yields moved decrease:
- 2year yield, 4.672% moved to 4.634%
- 5-year yield 4.283% moved to 4.258%
- 10 yr yield 4.280% moved to 4.276%
- 30-year yield 4.431% moved to 4.448%
About 80 foundation factors of a cuts are priced out there from 75 foundation factors earlier than the discharge
