Interest Rate Decision Outlook: The dot plot is about to be updated, and the number of interest rate cuts is expected to increase.

On September 17, the Fed will announce its interest rate decision tonight at 2 AM and release the interest rate dot plot. Several institutions are optimistic that the number of rate cuts this year will increase: 1. JPMorgan: The updated dot plot is expected to show room for 3 rate cuts this year, one more than the June dot plot. 2. Deutsche Bank: The median in the updated dot plot may indicate a total of 75 basis points cut by 2025, which is 25 basis points more than the June forecast. 3. Barclays: The dot plot will show three rate cuts this year, with one cut each in 2026 and 2027, while the long-term rate median forecast remains unchanged at 3.0%. 4. Bank of Montreal: It is expected that the median interest rate forecast for the end of 2025 will be lowered to reflect the possibility of a 25 basis point cut in the October and December meetings. Several institutions believe that the dot plot remains unchanged from June: 1. Everstone Group: The Fed is likely to disappoint market expectations, and the median of the dot plot is likely to remain unchanged, still showing a total cut of only 50 basis points this year. 2. UBS: The dot plot will show two rate cuts this year, while the market expects nearly three rate cuts; moreover, the participants' forecasts for the economic outlook will also become a focal point. 3. Bank of America: Against the backdrop of a largely unchanged macro forecast, the median Fed rate for 2025 will continue to show a cut of 50 basis points, despite an overall downward shift in the dot distribution. 4. Goldman Sachs: The new dot plot is expected to show a total cut of two times to 3.875% this year. Although the Fed may plan to cut rates three times this year, it may also feel that it is unnecessary to force this into the dot plot. 5. Morgan Stanley: It is expected that the median in this dot plot will still show two rate cuts this year, but actual economic data may push the Fed to cut rates continuously in the remaining time of this year and extend this round of cuts into January next year. (Jin10)