Fed projects 50 bps of rate cuts in 2026 and 2027; lifts PCE inflation forecasts

The Federal Open Market Committee’s (FOMC) latest dot plot, released on Wednesday, indicates that interest rates will average 3.4% by the end of 2026, in line with the December projection.
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NZD/USD slides as Fed holds interest rate, focus on NZ GDP

The NZD/USD pair is trading near the 0.5814 price region, sliding by 0.71% after the Federal Reserve (Fed) kept interest rates unchanged on Wednesday and forecast only one rate cut in 2026, supporting the US Dollar (USD).
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