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Understanding the Federal Reserve’s Dot Plot

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Projections for the federal funds rate—a key short-term interest rate that can affect savings yields and consumer loan rates.

Each dot represents the view of a Fed policy maker for the rate’s target range at the end of each year shown.

[Top dot in 2018 circled] This official projects a range of 2.5%–2.75% at the end of 2018.

[Row of dots representing 2.375% circled] Markets generally focus on the median “dot” or projection.

The median forecast is currently 2.375% by year end—implying two more 0.25% rate increases in 2018.


All expressions of opinion are subject to change without notice in reaction to shifting market conditions. 

Data contained herein from third party providers is obtained from what are considered reliable sources.

However, its accuracy, completeness or reliability cannot be guaranteed.


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