The Federal Reserve's dot plot interpretation: the number of interest rate cuts will decrease in 2026

The median value of the Federal Reserve's June dot matrix shows that the Federal Reserve expects to cut interest rates twice in 2025, 25 basis points each time, consistent with March expectations. It is expected that interest rates will be cut once in 2026, 25 basis points each time, a decrease from the two times in March. It is expected that interest rates will be cut once in 2027, 25 basis points each time, consistent with March expectations.