March 20 (Reuters) - U.S. Treasury yields fell after the

Federal Reserve on Wednesday said they still anticipate cutting

interest rates three times this year, according to the median of

new economic projections.

Traders had speculated the Fed could reduce those

projections to two cuts this year, following stickier than

expected consumer and producer price inflation in January and

February.

Benchmark 10-year yields were last at 4.267%,

down around 3 basis points on the day. Two-year yields

dropped to 4.623%, down about 6 basis points.

The inversion in the yield curve between two-year and

10-year notes narrowed by three basis points on

the day to minus 37 basis points.