Fed's Stephen Miran on rare cut outlook for the rest of the year

Interest Rate Outlook - The bond market previously indicated that cutting interest rates was a mistake [1] - The market is currently pricing in two more interest rate cuts for the remainder of the year [1] - Future interest rate cut decisions will depend on the composition of the committee at that time [3] Economic Projections - Current market expectations align with the median projection from the committee's last summary of economic projections [2] - There is less disagreement within the committee regarding interest rate cuts for the next year compared to this year [3]