USD – English
- The Fed held its dot plot steady with one rate cut projected for 2026 and one for 2027, but the underlying details reveal a more hawkish shift. Seven policymakers now see no cut at all this year, and one even expects rates to be higher in 2027, signaling growing internal resistance to easing.
- Inflation projections were revised notably higher. The Fed now sees end-2026 PCE inflation at 2.7 percent versus the 2.4 percent forecast in December, with core also lifted to 2.7 percent from 2.5 percent. This confirms that war-driven energy costs are already feeding into the official inflation outlook.
- On the growth side, GDP expectations were nudged up to 2.4 percent from 2.3 percent, with longer-run growth raised to 2.0 percent from 1.8 percent. The economy remains resilient, but hotter inflation and a divided committee mean the Fed is in no rush to cut. The median may still say one cut, but the mood inside the room is clearly leaning toward staying restrictive for longer.
USD – Urdu
- Fed ne apni rate projection zyada change nahi ki, ab bhi 2026 aur 2027 mein sirf ek ek cut dikhaya gaya hai, lekin andar ki details zyada sakht (hawkish) ho gayi hain. Ab 7 members kehte hain ke is saal koi cut nahi hoga, aur ek to yeh bhi keh raha hai ke 2027 mein rates aur barh sakte hain.
- Inflation ke forecast ko kaafi upar revise kiya gaya hai. Ab Fed kehta hai ke 2026 ke end tak PCE inflation 2.7% hogi (pehle 2.4% thi), aur core inflation bhi 2.7% tak le gaye hain. Is ka matlab hai ke jang ki wajah se energy mehngi ho rahi hai aur us ka asar inflation par aa raha hai.
- Growth side par GDP forecast thodi si barhai gayi hai, ab 2.4% expect kar rahe hain (pehle 2.3% thi), aur long-term growth bhi 2.0% kar di hai. Economy strong hai, lekin mehngi cheezein aur Fed ke andar division ka matlab hai ke abhi rate cut karne ki jaldi nahi hai. Overall trend yeh hai ke policy abhi tight hi reh sakti hai.
Sentiment : Bullish
