CITIC Securities: After Waller Takes Office as Federal Reserve Chair, the Second Half Will See 1 Rate Cut

CycleProphet

2026-03-19 01:46:36

Abstract generation in progress

Deep Tide TechFlow News, March 19 — Citic Securities pointed out that the Federal Reserve will keep policy rates unchanged at the March 2026 meeting, in line with market expectations. The latest dot plot shows this year’s target interest rate center at 3.4%, consistent with December 2025, while inflation forecasts for this year have been raised slightly, economic growth projections have been modestly increased, and unemployment rate forecasts remain unchanged. Powell did not comment on the Iran situation or oil prices as expected, and it is noteworthy that confidence in the decline of tariffs and inflation has further weakened since January. It is expected that the Federal Reserve will not cut rates in April. After Waller becomes Chair, there is a baseline scenario of one 25bps rate cut in the second half of the year. (Jin10)

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