If there’s something that’s likely to keep the markets on edge in the upcoming days, it’s undoubtedly the eagerly anticipated Federal Open Market Committee (FOMC) meeting scheduled for March 19-20, 2024.

While the decision regarding interest rates seems all but set, with the Fed expected to maintain them at 5.25%-5.50%, all eyes will be on two key factors: 1) The updated macroeconomic projections, which will unveil the ‘dot plot’, revealing the Fed’s favored path for interest rates, and 2) Fed Chair Jerome Powell‘s comments during the press conference.

Back in December, the Fed signaled a median preference for three rate cuts in 2024, followed by four more in 2025. During…

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