Fed Dot Plot November 2024. Fomc announce monetary policy decision today at 6:00 pm gmt. The dot plot will show fed policymakers’ estimates for interest rates at the end of 2024, along with the next several years and over the longer run.
New set of economic projections pointed to a higher gdp growth this and next year compared to december projections as well as higher core pce inflation projections. That suggests the fed will cut rates by 0.75% next year.
That Suggests The Fed Will Cut Rates By 0.75% Next Year.
Fed officials see the fed funds rate peaking at 4.6% in 2024, down from the fed's previous september projection of 5.1%.
Most Notably, The Updated Dot Plot Showed That The Median Fed Member Expectation For The Federal Funds Rate Implies Three 25 Basis Point [0.25%] Interest Rate Cuts By The End Of 2024.
Second, we anticipate fed chair powell will hint at the potential for a higher peak federal funds rate than the 4.6% included in the september median dot plot projections—possibly close to 5%.”
The Markets Had Been Hoping/Expecting The Dot Plot To Remove A Cut, And It Didn't Remove A Cut So The Dot Plot Remains The Same There.
Images References
Fomc Announce Monetary Policy Decision Today At 6
Most notably, the updated dot plot showed that the median fed member expectation for the federal funds rate implies three 25 basis point [0.25%] interest rate cuts by the end of 2024.
The Dot Plot Will Show Fed Policymakers’ Estimates For Interest Rates At The End Of 2024, Along With The Next Several Years And Over The Longer Run.