Interpretation of the Fed Dot Plot: 9 Officials Expect Two More Rate Cuts This Year

Jinse Finance reported that the Federal Reserve's dot plot shows that after the September interest rate decision, among 19 officials, 1 believes that there should be one rate hike within the year, 6 believe there should be no further rate cuts this year (compared to 2 in June), 2 believe there should be one more 25 basis point rate cut this year (compared to 8 in June), 9 believe there should be two more 25 basis point rate cuts in 2025, totaling 50 basis points (compared to 2 in June), and 1 believes there should be a 125 basis point rate cut in 2025, meaning at least two rate cuts of 50 basis points or more within the year (compared to 0 in June).