Institution: The Fed's hawkish dot plot may surprise the market

ChainCatcher news, according to Jinshi Data, New York Mellon Bank's Americas Macro Strategist John Velis stated that no interest rate changes are expected at the upcoming Federal Reserve meeting, but the new "Summary of Economic Projections" may impact the market. The dot plot will indicate that the rate cuts in 2025 will be lower than previously expected. Given that the market anticipates nearly two rate cuts this year, a more hawkish dot plot could disrupt the market.

The Federal Reserve has become increasingly cautious regarding rate cuts in 2025, and for most members who have shared their thoughts, inflation remains the primary concern. Given the ongoing uncertainty in policy, the Federal Reserve is unlikely to soften its stance on interest rates. After June, there are only four Federal Reserve meetings left this year, and it seems increasingly unlikely that there will be time to implement aggressive easing policies within the year.