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

Planet Daily News: John Velis, a macro strategist at Mellon Bank in New York, suggests that no interest rate changes are expected at the upcoming Federal Reserve meeting, but the new Economic Projections Summary may impact the market. The dot plot will indicate that rate cuts in 2025 will be lower than previously anticipated. Given market expectations of nearly two rate cuts this year, a more hawkish dot plot could disrupt the market. The Federal Reserve has become increasingly cautious about rate cuts in 2025 and noted that inflation remains the primary concern for most members who have shared their views. Due to ongoing policy uncertainty, the Fed is unlikely to soften its interest rate stance. After June, only four Federal Reserve meetings remain this year, making aggressive easing policies increasingly unlikely within the year. (Jinshi)