FOMC dot plot & central tendencies from December 2023 meeting. EOY 2024 rate 4.6%, -50bps. ...Middle East

The FOMC dot plot from September 2023 showed the median rate at the end of 2024 at 5.1%. In the December report:For 2024, the median fed funds target rate is now 4.6% vs 5.1% in June - down -0.50%For 2025, the median fed funds target rate is now 3.6% vs 3.9% in June - down -0.30%For 2026, the median fed funds target rate is now 2.9% vs 2.9% in June - unchanged. Below is the new dot plot from December:For comparison, the dot plot from September 2023 showed the following:Regarding the central tendencies for GDP, Unemployment and PCE inflation (headline and core) below is the table with comparisons from September:Highlights from the central tendencies:PCE inflation for 2024 moved from 2.5% down

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