The minutes from the Federal Reserve’s March 18-19 meeting are scheduled for release on Wednesday at 18:00 GMT. At this meeting, the Federal Open Market Committee (FOMC) maintained the Federal Funds Target Range (FFTR) at 4.25%-4.50%. The updated Summary of Economic Projections (SEP) revealed a degree of uncertainty among committee members, evidenced by downward revisions to the economic outlook for 2025 and 2026. Despite these more conservative projections, the Fed’s forecast still anticipates two rate cuts in 2025, suggesting a continued inclination towards monetary easing. Market participants are analyzing the minutes for further insights into the potential timing and magnitude of future policy adjustments, particularly in light of ongoing trade-related economic uncertainties.
