From CNBC: 2024-12-18 14:41:54

Federal Reserve Chair Powell announced only two quarter-point rate cuts projected for 2025, down from four previously forecasted. The dot-plot shows rates falling to 3.9% by year-end 2025. Inflation and GDP growth projections were slightly increased, with unemployment rate estimates lowered to 4.2%. Market expectations adjusted accordingly.

Read more: The Fed’s dot plot shows only two rate cuts in 2025, fewer than previously projected