Institution: The Federal Reserve may lower GDP expectations and raise inflation expectations.

On March 19, Jin Shi Data reported that Frederik Ducrozet, the head of macroeconomic research at Pictet Wealth Management, stated in a report that the Federal Reserve is expected to keep the Intrerest Rate unchanged at tonight's meeting, and Chairman Powell may reiterate that there is no rush to cut rates. Ducrozet indicated that the Fed is expected to lower its GDP forecast for 2025, raise its inflation forecast, and acknowledge increased uncertainty. The dot plot is expected to show the median expectation for two rate cuts this year remaining unchanged, with the risk leaning towards one rate cut. Pictet Wealth Management also expects the Fed to cut rates once in June, and due to inflation accelerating again, there will be no further rate cuts in 2025.