Lates News

Molly Brooks, the US interest rate strategist at the Tao Ming Securities, stated that the market reaction depends on Powell's press conference because the policy statement and updated economic forecast summary "did not provide too much new information." This update also slightly raised the long-term federal fund forecast to 3.1%. Brooks said, "Given the uncertainty of the short-term impact of the Middle East conflict, the market is more focused on the unchanged median forecasts in 2026, 2027, and 2028 dot plots rather than long-term interest rate forecasts."