The Federal Open Market Committee (FOMC) gives guidance on the path of future interest rates at different intervals, but in truth it is not a detailed or precise statement of policy direction, and generally comes with the caveat of being data dependent and therefore subject to change. The committee publish a “dot plot” four times per year which, whilst meaningful, gives a limited view of where each policy maker sees the Fed Funds rate midpoint by the end of the calendar year.
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