Agency: The Fed's hawkish dot plot may surprise the market

Odaily Planet Daily News: John Velis, macro strategist for the Americas at Bank of New York Mellon, said that no interest rate changes are expected at the upcoming Federal Reserve meeting, but the new Summary of Economic Projections may affect the market. The dot plot will show that the rate cuts in 2025 will be smaller than previously expected. Given that the market expects nearly two rate cuts this year, a more hawkish dot plot may disrupt the market. The Federal Reserve has become increasingly cautious about cutting interest rates in 2025, noting that inflation remains the top priority for most members who have shared their thoughts. Given the continued uncertainty in policy, the Fed is unlikely to soften its interest rate views. After June, there are only four Federal Reserve meetings left this year, and it seems increasingly unlikely that there will be time for aggressive easing during the year. (Jinshi)