Analyst: The Federal Reserve's interest rate decision this time is dovish.

On March 20, Jinshi Data reported that Neil Dutta of Renaissance Macro believes that the Federal Reserve's decision this time appears to be dovish. The Federal Reserve believes that tariffs are detrimental to economic growth, unemployment, and inflation. However, although the Federal Reserve raised its core inflation forecast by 0.3 percentage points, the median interest rate remained unchanged, still indicating that there would be two rate cuts within the year. If the core inflation rate is lower than this forecast level, there will be room for rate cuts from 2026 to 2025.

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