Every three months, the central bank updates a scatter chart showing where top officials believe rates are headed. Not everyone is a fan of the anonymous projections.

The Federal Reserve released its latest "dot plot" at its September meeting. Released quarterly, it shows where Fed members expect interest rates to be in the coming months and years. Yahoo Finance Senior Reporter Allie Canal breaks down the most recent dot plot and shows how it has changed from June.

Federal Reserve officials on Wednesday penciled in slightly steeper interest rate cuts this year and next, but there was a wide array of responses in the so-called dot plot, signaling uncertainty about the economic outlook.

The Federal Reserve marked down their 2025 and 2026 interest rate outlook, with a softening labor market outweighing concerns about inflation re-accelerating, according to the central bank's updated Summary of Economic Projections published on Wednesday.

Fed officials see more rate cuts in the remainder of 2025 than they did previously—a shift that suggests they are growing increasingly worried about the economic outlook and the weakening labor market.

Coming ahead of tomorrow’s UK rate decision from the Bank of England, any hopes of a rate cut should be tempered with price pressures still running hot compared with the 2% target. Nonetheless, the 0.

Richard Moody, chief economist at Regions Financial Corp., said the Fed’s interest-rate committee has become more divided in recent months. These divisions will be easy to spot in the Fed’s new projections of the appropriate path of future rate moves – known as the “dot plot.

The Federal Reserve's latest economic projections reveal a surprisingly shallow path for interest rate cuts in 2026, signaling that the policy will remain restrictive as the central bank contends with a resilient economy and sticky inflation.

"Next year's dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook": Seema Shah, chief global strategist at Principal Asset Management, explained how labor market uncertainty and data measurement concerns makes the future rate path clouded.

The Fed's dot-plot shows a split over whether to the central bank should cut rates three times this year. According to the Fed's "dot-plot" three were 9 officials who wanted only 2 cuts or less. There were 10 officials who backed three cuts.

The Fed's FOMC met to discuss monetary policy and decide on rates, which led to a 25 bp rate cut and two more planned for 2025. Read what investors need to know.