The Federal Reserve's quarterly dot plot also revealed how the central bankers expect the U.S. economy to perform this year.

Keeping inflation expectations under control is arguably a central bank's most important job. But it is also one of the most challenging given that the picture painted by the surveys, models and market prices relied on by policymakers is,

The central bank penciled in two rate cuts for 2025, but President Trump’s sweeping agenda has injected “remarkably high” uncertainty into the outlook.

Japan's core inflation hit 3.0% in February and an index stripping away the effect of fuel rose at the fastest pace in nearly a year, a sign of broadening price pressure that reinforces market expectations of further interest rate hikes.

Japan’s consumer inflation slowed slightly in February due to energy subsidies but maintained the uptrend keeping interest-rate hike expectations intact.

Japanese inflation eased in February, government data showed Friday, with prices excluding fresh food rising 3.0 percent year-on-year in the world's fourth-largest economy.