Market analysis: Investors like predictions of the number of interest rate cuts this year

According to analyst R. Burns Mckinney, investors know that interest rates will not change, but they are focusing on the Fed's forecast of a rate cut between now and the end of the year. The previous dot plot predicted 2 rate cuts, and investors were concerned that this forecast would be downgraded to 1. However, the Federal Reserve maintained the expected rate cut at 2, and overall, investors like to see that. However, Powell's comments also suggest that the FOMC raised its estimate of year-end inflation and lowered its guidance for full-year GDP growth. Slower GDP growth may be the reason why the central bank maintained its previous expectations; however, investors are concerned that the higher inflation outlook means fewer rate cuts in the future.