"March Inflation Updates: Fed Stays Course Despite Turmoil and Easing Euro Zone Inflation"
TL;DR Summary
The US Federal Reserve is expected to raise interest rates by 25 basis points on March 22, according to a Reuters poll of economists. The poll found 76 of 82 respondents predicted a quarter-point hike, bringing the federal funds rate to 4.75%-5.00%. The poll also found a median 65% probability of a US recession in the coming two years, and forecast growth of only 1.0% this year and next.
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