Federal Reserve Dot Plot: Overall more accommodative, one official expects a 150 basis point rate cut this year. According to Jin10 data on September 18, the Federal Reserve dot plot shows that among 19 officials, 1 official believes there will be no rate cuts in 2025 (down from 7 in June), 6 officials believe there should be a cumulative cut of 25 basis points in 2025, which means 1 rate cut (down from 2 in June), 2 officials believe there should be a cumulative cut of 50 basis points in 2025, which means 2 rate cuts (down from 8 in June), and 9 officials believe there should be a cumulative cut of 75 basis points in 2025, which means 3 rate cuts (down from 2 in June). One official (most likely Milan) believes there should be a significant cut of 150 basis points in 2025, indicating that there will be at least two significant rate cuts this year (75BP + 50BP) #点阵图 #美联储重启降息步伐