Federal Reserve Officials Divided on Interest Rate Cuts for 2025

According to Odaily, the Federal Reserve's dot plot reveals differing opinions among its officials regarding interest rate adjustments in 2025. Out of 19 officials, seven believe there should be no rate cuts, an increase from four in March. Two officials advocate for a cumulative 25 basis point reduction, equivalent to one rate cut, down from four in March. Eight officials support a total reduction of 50 basis points, or two cuts, slightly fewer than the nine in March. Lastly, two officials suggest a cumulative 75 basis point decrease, or three cuts, consistent with the March figures.