Fed Dot Plot Shows More Dovish Outlook, with One Official Expecting a 150 Basis Point Rate Cut This Year

BlockBeats News, September 18th: The Federal Reserve's dot plot shows that out of 19 officials, 1 official believes there will be no rate cuts in 2025 (compared to 7 officials in June);

6 officials believe there should be a cumulative 25 basis point rate cut in 2025, meaning a single rate cut (compared to 2 officials in June);

2 officials believe there should be a cumulative 50 basis point rate cut in 2025, meaning two rate cuts (compared to 8 officials in June);

9 officials believe there should be a cumulative 75 basis point rate cut in 2025, meaning three rate cuts (compared to 2 officials in June).

1 official (most likely Milan) believes there should be a significant 150 basis point rate cut in 2025, suggesting there may be at least two more significant rate cuts within the year. (Jinshi)