Svmuu News According to Phil Neuhart, Director of Market and Economic Research at First Citizens Bank, investors and the market will pay particular attention to the median projection for the federal funds rate at the end of 2026. This is difficult to gauge, but we believe the median will continue to indicate only one rate cut for the remainder of this year. Beyond the FOMC projections, the tone of Powell's press conference will be a key variable influencing the market, especially how he addresses the contradiction between the recent surge in oil prices and the weakness in labor market data. (Jin10)