What does the dot plot indicate regarding the potential for a rate hike?
Powell Cites Dot Plot as GOP Presses on Future Hikes
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The transcript discusses Jerome Powell's response to questions from the Republican Party about future rate hikes, emphasizing his reference to the dot plot. Powell maintains a consistent message, pointing to the dot plot as a guide, indicating a potential rate hike to 5.1%. Despite market expectations of cuts, Powell reiterates that this is not the base case, highlighting a disconnect between market pricing and official projections.
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What disconnect does Powell mention regarding market pricing and rate cuts?
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