The Fed's dot plot midline: a cumulative 25 basis point rate cuts by 2026.

The Federal Reserve's dot plot shows that among the 19 officials, 7 believe interest rates should remain unchanged throughout 2026, 7 believe there should be a cumulative rate cut of 25 basis points, 2 believe there should be a cumulative rate cut of 50 basis points, 2 believe there should be a cumulative rate cut of 75 basis points, and 1 believes there should be a cumulative rate cut of 100 basis points. (Jinshi)