ICCIAUS Weekly Economic Update powered by Intesa Sanpaolo

19/03/2021 - In this week's economic update:

  • The outcome of the FOMC meeting was in line with expectations, with no indication of changes to #monetarypolicy, despite the significant upward revision of the outlook. The statement was little changed; 

  • At this latest meeting, focus was on the updated macroeconomic projections. As expected, the changes were significant for 2021, with much stronger forecast growth and unemployment, and higher inflation;

  • On the other hand, again not surprisingly, the median path of rates remains stable until 2023, although the number of “dots” pointing to hikes in 2023 increased and, most importantly, some dots now indicate increases in 2022 as well; 

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