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Economic Pulse: None and Done for 2019

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None and Done For 2019

While public comments from some members of the FOMC over the past few months suggested that downward revisions to the March quarterly economic outlook were likely, the surprise in the release was the dramatic scaling back of rate expectations. The median forecast in the current Summary of Economic Projections is consistent with a Fed that will remain on pause for the balance of the year, holding Fed Fund rates between their current 2.25% - 2.50% level.

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