0624 GMT - The Federal Reserve's policy statement is likely to acknowledge risks to both sides of the mandate--maximum employment and stable prices--from the conflict in Iran, Pictet Wealth Management's Xiao Cui says in a note. Pictet WM expects unchanged policy rates but Governors Miran and Waller "are likely to dissent in favor of a cut, with a possible third dovish dissent from Governor Bowman," the senior economist says. The Fed's updated dot plot--FOMC policymakers' expectations of interest rates--should remain largely unchanged, with the median indicating one rate cut in 2026 and one cut in 2027, and the median long-run neutral rate remaining at 3%. The Summary of Economic Projections is likely to show higher headline and core inflation, lower growth, and higher unemployment, Cui says. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

March 17, 2026 02:24 ET (06:24 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.