Fed 'dot plot': Almost half of FOMC members project at least one interest rate hike this year
Fed 'dot plot': Almost half of FOMC members project at least one interest rate hike this year. The article reports that not only are rate cuts almost surely off the table for the rest of the year, but there is also a sharply higher chance of a hike before the end of 2026. It also says that nine policymakers who participated in the exercise projected at least one hike, with six even suggesting multiple hikes could be in the offing. These reported facts make the story relevant for rates, credit availability, bank funding, and consumer finance channels.