With the FOMC convening on March 18, Wall Street would normally be focused on Chair Powell’s press conference, the Summary of Economic Projections, and the Dot Plot. The December 2025 Summary of Economic Projections (SEP) revealed that the Median projection for GDP was increased from 1.7% in September to 2.3%. With the cloud of the Iran war overhanging the economy, it would be surprising if GDP wasn’t marked down slightly. The Unemployment Rate could be increased from the December projection of 4.4%, after the February employment report showed a decrease in job growth of -92,000....
