Every three months, the central bank updates a scatter chart showing where top officials believe rates are headed. Not everyone is a fan of the anonymous projections.
“The dots are not a great forecaster of future rate moves,” Federal Reserve Chairman Jerome Powell has warned, but every quarter the financial universe ponders the FOMC’s dot plot as though it were a ...
The Federal Reserve is expected to cut rates on Wednesday. Wall Street is focused on how much, and on what comes next. By Jeanna Smialek Jeanna Smialek covers economics and reported this story from ...