The Federal Reserve has maintained the Benchmark Interest Rate at 4.25%-4.50%, and the dot plot shows that most officials expect a cumulative cut of 50 basis points by 2025.

According to TechFlow news on March 19, as reported by Jin10 data, the Federal Reserve will keep the Benchmark Interest Rate unchanged at 4.25%-4.50%, in line with market expectations.

From April 1, the pace of tapering will slow down, reducing the monthly cap on the reduction of US Treasury bonds to $5 billion, while maintaining the monthly reduction of mortgage-backed securities (MBS) at $35 billion.

The Fed’s dot plot shows that among the 19 officials, 4 officials believe that interest rates should not be cut in 2025 (1 in December), 4 officials believe that interest rates should be cut by a cumulative 25 basis points in 2025, that is, 1 rate cut (3 in December), 9 officials believe that interest rates should be cut by a cumulative 50 basis points in 2025, that is, 2 rate cuts (10 in December), and 2 officials believe that interest rates should be cut by a cumulative 75 basis points in 2025, that is, 3 rate cuts (3 in December), No official thinks there should be a cumulative 100 basis point rate cut in 2025 (1 in December), and no official thinks there should be a cumulative 125 basis point cut in 2025 (1 in December).