Data: The Fed's dot plot indicates a 25 basis point rate cut in 2024

ChainCatcher news, according to Jinshi news, the Federal Reserve's dot plot indicates a 25 basis point rate cut in 2024 (with a projected 75 basis point cut in March). Additionally, the dot plot suggests four rate cuts in 2025 (with a projected three cuts in March).

The dot plot shows that among the 19 officials, four believe there should be no rate cuts in 2024, seven believe there will be one cut, and eight believe there will be two cuts.

The Federal Reserve expects that it is inappropriate to cut rates before having greater confidence in a sustainable move towards 2% inflation.