First Citizens Bank: Fed Dot Plot Suggests Only One Rate Cut Remaining for 2026

GateNews

2026-03-18 07:02:17

Gate News Report, March 18 — First Citizens Bank’s Head of Market and Economic Research, Phil Neuhart, stated that investors and markets will pay particular attention to the median forecast of the federal funds rate at the end of 2026. Neuhart believes the median will continue to show only one rate cut for the remainder of this year. He pointed out that, aside from the Federal Open Market Committee (FOMC) projections, the tone of Powell’s press conference will be a key variable influencing the market, especially how he will address the recent contradiction between soaring oil prices and soft labor market data.

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