The media can indeed create anxiety, saying that it is expected to cut interest rates once next year?!

The dot plot clearly shows:

4 people expect no rate cut,

4 people expect one rate cut (25 basis points),

4 people expect two rate cuts (50 basis points).

The probabilities are the same, so how did he summarize it as expected to cut interest rates once next year?!!

Moreover, look at other predictions:

3 people predict one rate hike,

2 people predict three rate cuts (75 basis points),

1 person predicts four rate cuts (100 basis points),

1 person predicts six rate cuts (150 basis points).

The average calculation is [3*25+4*0+4*(-25)*4*(-50)+2*(-75)+1*(-100)+1*(-150)]/19=-32.9

The average prediction is a rate cut of 32.9 basis points, which also exceeds one rate cut. How did he summarize it as expected to cut interest rates once next year?!!

In fact, the Federal Reserve officials are not in disagreement; they simply have no conclusion.

Basically, employment and the economy are not doing well, which can be confirmed, and the Federal Reserve's statement has also noted this point.

However, after the rate cut in September and October, the CPI data for October is completely missing. October's data is essentially absent, and November's data will not be released until December 18. The Federal Reserve officials also do not know if inflation has rebounded after the recent rate cuts.

And after the rate cut in December, it is also unknown whether employment and the economy have eased to some extent.

The Federal Reserve officials are not anonymously voting; they are either in agreement or tacitly understanding, presenting the outside world with a dot plot that has no conclusion.

Since the Federal Reserve officials have no conclusion, how did he summarize it as expected to cut interest rates once next year?!!