2023 Fed fund dot plot shows four dots above zero, median unchanged

Changes in the dot plot for the Fed funds rate

  • The June projections had two dots above zero in 2022.
Changes in the dot plot for the Fed funds rateThe June projections had two dots above zero in 2022.This is the first look at the dot plot for 2023.
2023 dot plot

Note that one of the dots showing liftoff in 2022 is gone. There are four dots above zero in 2023.