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Fed Dot Plot Shows Majority Support for 25 Basis Point Rate Cut

Twelve of nineteen Federal Reserve officials back a modest December rate reduction, with smaller groups favoring no change or a larger cut.

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Terms & Concepts
  • Dot Plot: A chart used by the Federal Reserve to show policymakers’ projections for interest rates over time.
  • Basis Point (bps): A unit equal to one hundredth of a percentage point, used in financial contexts to describe interest rate changes.