Fed Signals One Rate Cut This Year Despite Oil Price Surge
Fed still expects to cut rates once this year despite spiking oil prices
CNBC2026.03.18Updated 27d ago
The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
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The Federal Reserve maintains its forecast for a single rate cut in 2024, according to its latest dot plot projections showing a 3.4% median federal funds rate. Rising oil prices haven't deterred the central bank's monetary policy outlook, though inflation concerns remain a key consideration. Officials continue to monitor economic data before finalizing cut timelines.
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Read full article on CNBCfederal reserveinterest ratesmonetary policyinflationoil pricesfederal funds ratedot plotyearfedstill
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