Fed Dot Plot: Only need to cut 25 basis points this year
Atlanta Fed President and FOMC voting member Bostic stated that when he updated the Fed's dot plot in September, he expected the Fed to only cut rates by another 25 basis points this year. However, he noted that his forecast is not set in stone, and he will adjust it as needed based on upcoming inflation and labor market data. The Fed cut rates by 50 basis points in September, with a series of further rate cuts expected over the next year to alleviate some policy constraints imposed to lower inflation
According to the data from FXStreet on October 16th, President Bostic of the Atlanta Fed and a voting member of the FOMC stated that when he updated the Fed's dot plot in September, he expected the Fed to only cut rates by another 25 basis points this year. However, he mentioned that his forecast is not set in stone, and he will adjust it as needed based on the upcoming inflation and employment data. The Fed cut rates by 50 basis points in September, and it is expected to implement a series of rate cuts over the next year to remove some policy constraints imposed to lower inflation