Fed Dot Plot: Still Expects Two Rate Cuts This Year, but More Officials Prefer No Cuts

According to Jinshi Data, the Federal Reserve's dot plot shows that among 19 officials, 7 believe there will be no rate cuts in 2025 (up from 4 in March), 2 believe there should be a total rate cut of 25 basis points in 2025, or one cut (down from 4 in March), 8 believe there should be a total rate cut of 50 basis points, or two cuts (down from 9 in March), and 2 believe there should be a total rate cut of 75 basis points, or three cuts (the same as in March).