Core Viewpoint - The Federal Reserve's economic forecasts are likely to remain largely unchanged, with expectations of two interest rate cuts this year and further reductions in 2026, ultimately reaching a policy rate of 3% [1] Group 1: Economic Predictions - The Federal Reserve is expected to lower interest rates twice this year, driven by economic growth remaining below trend levels [1] - The landing zone for the economy may be described as "roughly neutral" by the Federal Reserve [1] Group 2: Inflation Concerns - Initial signs of tariff-related inflation are beginning to emerge, prompting some officials to adopt a cautious stance [1] - Tensions in the Middle East could further threaten the inflation outlook [1] Group 3: Potential for Changes - There is a possibility that forecasts may change to reflect an interest rate cut later this year [1]