The Fed’s dot plot is a chart that records each Fed official’s projection for the central bank’s key short-term interest rate. The dot plot is updated every three months and is meant to provide insight into the Fed’s future rate decisions,

Officials at the Federal Reserve continue to expect the central bank will lower interest rates by a half of a percentage point in 2025 as inflation moderates but remains above target and the job market remains relatively healthy.

U.S. stock futures are pointing to a higher open after the Federal Reserve on Wednesday indicated two more rate cuts this year.