With fewer meetings left in 2025 to lower the Funds rate I thought more FOMC members would project 1 less cut in 2025. “ When the FOMC met in March there were 6 future meetings that would allow the FOMC the lower the Funds rate, but there are only 4 meetings left after the June meeting. This increases the odds that more FOMC members will project 1 less cut before year end than projected in March.”
The March Dot Plot broke down like this: 4 members no cut, 4 members 1 cut, 9 members 2 cuts, and 2 members 3 cuts. The June Dot Plot showed: 7 members no cut, 2 members 1 cut, 8...
