Fed Dot Plot: Only need to cut 25 basis points this year
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Atlanta Fed President and FOMC voting member Bostic stated that when he updated the Fed's dot plot in September, he expected the Fed to only cut rates by another 25 basis points this year. However, he noted that his forecast is not set in stone, and he will adjust it as needed based on upcoming inflation and labor market data. The Fed cut rates by 50 basis points in September, with a series of further rate cuts expected over the next year to alleviate some policy constraints imposed to lower inflation
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