The Federal Reserve has left its key interest rate unchanged as inflation cools. However, the central bank did change its projection of future rates, pricing...
The Federal Reserve has left its key interest rate unchanged as inflation cools. However, the central bank did change its projection of future rates, pricing in only one cut this year. Yahoo Finance'sThe dot plot , released each quarter, is a chart that tracks each of the 19 Fed officials' federal funds rate projections. Four Fed officials believe funds will stay where they are, while seven believe there will be one rate cut. Eight officials, however, believe that there will be two cuts.
And essentially this data is telling us where that officials think that that funds rate will be heading in the future.And each dot represents a specific FO MC member but they are all anonymous. So all of this may seem a little bit intimidating, but this can be a good tool to help you inform yourself about certain financial decisions.
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