The Fed’s New Dot Plot After Its March Policy Meeting

The Federal Reserve’s so-called dot plot, which the U.S. central bank uses to signal its outlook for the path of interest rates, shows officials expect to raise the fed funds rate six more times this year, based on median projections. The Fed, which had kept its benchmark rate steady after sweeping into emergency action amid the coronavirus pandemic in March of 2020 with a full percentage-point cut, hiked rates by 25 basis points on Wednesday. It was the first increase since 2018.