Talking to the Financial Times newspaper, Ms. Gargi Chaudhuri - head of iShares Investment Strategy Americas of giant asset management company BlackRock - said that the "dot-plot" forecast shows that the Fed will only have one interest rate cut. this year has not changed her expectations about the Fed's strategy.

“I think they are still open to cutting interest rates in September if they continue to see progress in the inflation situation. The Fed will continue not to overreact to any single data point, even to the newly released CPI data,” Ms. Chaudhuri said.

The fact that the Fed is expected to reduce interest rates only once this year is seen as an obstacle for President Joe Biden, who has made economic issues and anti-inflation efforts a focus of his re-election campaign. If the Fed really only has one interest rate cut this year, that cut will most likely take place in December, after the US completes the presidential election in November.