From Bankrate: 2024-06-12 18:21:41

The Fed’s dot plot is a chart tracking each Fed official’s projection for the central bank’s key short-term interest rate. The latest projection signals just one rate cut in 2024. The dot plot is updated every three months, providing insight into future rate decisions, although predictions aren’t always accurate. The dot plot can influence consumer finances, impacting savings yields and borrowing costs.

The Fed’s dot plot is a key tool for understanding future interest rate decisions. The chart is updated quarterly, showing each Fed official’s projection for the federal funds rate. The Fed’s latest projections indicate only one rate cut in 2024. This tool helps consumers make informed financial decisions, but caution is advised as predictions are subject to change.



Read more at Bankrate: The Federal Reserve’s latest dot plot, explained – and what it says about interest rates