BREAKING: FOMC dot-plot shows 1 rate cut this year

Fed's Federal Open Market Committee (FOMC) announced its monetary policy decision today at 7:00 pm BST. In-line with market expectations, interest rate were left unchanged, with Fed Funds rate staying in the 5.25-5.50% range. There were some changes to economic projections, however. Statement repeated that Fed does not expect it will be appropriate to reduce policy target range until gaining greater confidence inflation is moving sustainably towards 2% target.

Most importantly, new dot-plot shows a median rate forecast of 5.1% for 2024, meaning just a single rate cut from current levels. However, split between those who saw 1 and those who saw 2 was almost equal. Core PCE inflation forecast for this and next year was boosted as well.

Fed Funds rate forecast

2024: 5.1% vs 4.6% in March projection
2025: 4.1%vs 3.9% in March projection
2026: 3.1% vs 3.1% in March projection

Core PCE inflation forecast

2024: 2.8% vs 2.6% in March projection
2025: 2.3% vs 2.2% in March projection
2026: 2.0% vs 2.0% in March projection

Real GDP forecast

2024: 2.1% vs 2.1% in March projection
2025: 2.0% vs 2.0% in March Projection
2026: 2.0% vs 2.0% in March projection

Unemployment rate forecast

2024: 4.0% vs 4.0% in March projection
2025: 4.2% vs 4.1% in March projection
2026: 4.1% vs 4.0% in March projection

PCE inflation forecast

2024: 2.6% vs 2.4% in March projection
2025: 2.3% vs 2.2% in March projection
2026: 2.0% vs 2.0% in March projection

Source: Federal Reserve

2 November 2026, 6:40 AM

Economic Calendar - Global series of industrial PMI indicators and tech giants' results

2 November 2026, 6:21 AM

📊Morning Wrap: Oil falls after Qatar talks. China injects liquidity, while the US prepares for elections.

30 October 2026, 3:33 PM

Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?

29 October 2026, 1:19 PM

ECB Holds Rates Unchanged💶 EURUSD down 📉

Economic reports

Prefer XTB on Google

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days