The Federal Reserve kept interest rates unchanged Wednesday between 5.25% and 5.5% at its March meeting, as widely expected by investors, confirming intentions to lower the cost of money in the coming months. While the policy statement provided little variation from January, the Federal Open Market Committee (FOMC) released the much-anticipated new staff economic projections. March Fed Dot Plot Reveals 3 Cuts For 2024The March 2024 Fed Dot Plot revealed a median preference for three rate cuts in 2024, with rates expected to reach a midpoint range of 4.6% by year-end. The potential strategy con…
