Blog Post: How to Read the Fed Projections Like a Pro
Posted by Ben Nicolas on
In September, the Federal Reserve made its first interest rate cut in four years. It was bigger than expected–– half a percentage point. After their next policy meeting on November 7th, the Fed will announce if they will make another cut, and if so, by how much. Economists are busy making their predictions as to what they will decide, and one way they form their opinion is by tracking the dot plot released by the Fed every quarter.
Hoping to buy a new home or refinance? The Fed's decision will likely impact the cost of your mortgage. If you want to better understand how the Fed's interest rate decisions affect the housing industry, a good place to start is learning how to read the dot plot.
Understanding the Dot Plot
Every quarter, the…
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