September 19, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Dot Plot

Please click here for the Fed’s prior dot plot.

Note the following:

• The FOMC meeting is starting today.  Tomorrow, the Fed will announce its decision at 2pm ET followed by Powell’s press conference at 2:30pm ET.
• The dot plot shows each FOMC participants’ projected mid point of the target for the federal funds rate.  Each dot represents an FOMC participant.
• The chart shows that no FOMC participants projected a federal funds rate of less than 5.125% in 2023.
• The chart shows that one FOMC participant projected a federal funds rate above 6% in 2023.