Fed still expects to cut rates once this year despite spiking oil prices

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.

Mar 18, 2026 2

Fed still expects to cut rates once this year despite spiking oil prices
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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