The Fed’s dot plot is a chart that records each Fed official’s projection for the central bank’s key short-term interest rate. The dot plot is updated every three months and is meant to ...

Since 2011, the Fed has published a chart known as the “dot plot,” which map out policymakers’ expectations for where interest rates could be headed in the future.

That shows the median dots in the latest dot plot print which, again, as I just showed you, no interest rate hikes, which is what the median dot says in 2021 or 2022, with the median dot showing ...

However, the data is anonymized. Investors typically view the median result in the dot plot as the Fed’s overall projection for interest rates, though the opinions of individual members can diverge.

For example, this week’s dot plot showed that 9 of the 17 thought the appropriate Fed funds range by the end of 2016 would be the range between 0.75% and 1.0%. They called that the median.

March 2024 FOMC meeting is crucial for markets with the release of the Fed's dot plot, showing policymakers' expectations for future interest rates.

But he’s been careful to avoid saying how high they’ll peak, which makes the Fed’s quarterly dot-plot forecast for interest rates a primary focus of investors when officials meet June 14-15.

The Latest Dot Plot The dot plot below is taken from the Fed’s latest SEP released on Wednesday. The median 2020 interest rate is 1.625%, down from 1.875% in September.

The Fed’s dot plot is a chart updated quarterly that records each Fed official’s projection for the central bank’s key short-term interest rate, the federal funds rate.

How do markets read the dot plot? Fed watchers like to look at the median forecasts in the Summary of Economic Projections, which the central bank provides for the numerical prints on inflation, ...