The Fed's dot plot will reflect Nanran's views, indicating its tendency to significantly cut interest rates

Kevin Burgett, an analyst at LHMeyer, an institution that tracks Federal Reserve dynamics, wrote in a note to clients that Milan's comments will be included in the "dot plot" released by the Federal Reserve after the meeting. Burgett further pointed out that Milan "will almost certainly vote against the resolution of a '25 basis point rate cut'," and although his name will not be included in the dot plot, it may indicate that he is inclined to "a significant rate cut." In addition, Milan will not be the only new official to anonymously submit economic and interest rate expectations when the Fed releases its latest dot plot later today. Another newcomer to this work is Paulson, who succeeded Pathak as President of the Philadelphia Fed on July 1st. (Jinshi)