Federal Reserve Dot Plot: Only need to cut 25BP more this year
Bitget2024/10/16 00:43
Atlanta Fed Chairman and FOMC voter Bostic said that when he updated the Fed's dot plot in September, he expected the Fed to cut interest rates by only 25 basis points this year. However, he stated that his forecast is not set in stone and will be adjusted as needed based on upcoming inflation and job market data. The Fed cut interest rates by 50 basis points in September, with a series of rate cuts expected over the next year to alleviate some policy constraints imposed for lowering inflation.
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