Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

Fed Chair Powell: It's The Risks To Labor Market That Were Focus Of Today's Decision Federal Reserve Chair Powell Says This Week's Data Indicates Consumer Spending Is More Robust Than Predicted Fed's Powell: Would need big Fed rate changes to matter for housing sector. Fed Chair Powell: Besides The Outlier Of UMICH Survey, Longer-Term Inflation Expectations Have Been Rock Solid

Fed’s Powell Says Tariffs Mostly Paid By Middlemen Firms; Notes They Intend To Pass On Higher Costs But Haven’t Yet Fed's Powell: I think goods inflation is contributing 0.3 or 0.4 to PCE inflation. Fed’s Powell Says Goods Inflation Was Generally Negative Over Past 25 Years; Now Running At 1.2% Over The Past Year Fed’s Powell Says Economy Isn’t Bad, But Policy Decisions Remain Challenging Powell Says "Breakeven Rate For Job Growth Has Clearly Come Way Down"

Fed's Powell: Annual jobs revision almost exactly what we expected. Fed's Powell: Data we get from BLS is still good enough to do our work. Issues with data right now are about low response rates. Fed’s Powell Says Fed Will Not Make Decisions Based On Politics; Declines To Comment On Cook’s Court Case Fed Chair Powell: Don't Know That Quarter Point Cut Will Make A Huge Difference - Have To Look At The Whole Path Of Rates, And Expectations Powell Says Artificial Intelligence Could Contribute To Hiring Slowdown