What will the Fed do for the upcoming March FOMC? - Part 2

The US Fed has stayed put on its rates as expected.  However, the economic projections have revealed something unpleasant.

The PCE and core PCE are projected to increase to 2.7%.  This means that US inflation is spiking.

What's the Fed going to do then?

As the US economic growth is weakening and the US inflation is rising, the US Fed has indicated only 1 rate cut for 2026 according to the dot plot chart below.