The Fed’s dot plot is a chart that records each Fed official’s projection for the central bank’s key short-term interest rate. The dot plot is updated every three months and is meant to provide insight into the Fed’s future rate decisions,

After slashing interest rates by a half-percentage point today, the Federal Reserve’s “dot plot” showed that officials project another half-percentage point of cuts this year with further reductions ahead in 2025.

It’s almost certainly the most closely scrutinized scatter chart in financial markets. Every three months since January 2012, the Federal Reserve has sent analysts scurrying by updating its “dot plot,