Analyst: The Fed's revision of economic expectations will not have a significant impact on financial markets

Josh Jamner, senior investment analyst at investment firm Clearbridge, believes that the Fed's economic expectations suggest that policymakers now expect economic conditions to be less favorable this year, with a moderate slowdown in the economy and rising inflation and unemployment. These changes are consistent with the expectations of banks and macroeconomic research institutions circulating on Wall Street in recent weeks, so in our view, these changes will not have a significant impact on financial markets. Ultimately, the Fed's policy will give way to fiscal policy, and pricing in the federal funds futures market suggests that the next rate cut will not occur until July, and this dynamic is unlikely to change in the short term.