The Problem With Wall Street's Fixation on the Fed Dot Plot
On the eve of Wednesday's Federal Reserve decision, traders, economists and central-bank watchers across Wall Street are fixated on a single, perplexing question: Will the median of 19 policymakers project one or two rate cuts in 2025?
The amount of attention on the Fed's 'dot plot' partly reflects the lack of suspense for a meeting at which interest rates are widely expected to be left alone.
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