Fed still expects to cut rates once this year despite spiking oil prices

The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year. The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.

Key takeaways

Quick scan — what you need to know:

• The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
• The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last
• year. The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of

Background

What led here, in plain terms:

• f 3.4% for the federal funds rate, the same as at the end of last year.
• Full context often emerges as officials, markets, or courts add updates.

Why it matters

Why readers and decision-makers should care:

• The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
• The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last
• year. The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of