The dot matrix chart is fully bullish, with 9 people calling for interest rate hikes; the market needs to reprice.

CoinWorld News: “Federal Reserve mouthpiece” Nick Timiraos comments on the Federal Reserve’s interest rate decision: This time, the Fed’s dot plot shows a clear hawkish bias. Of the 18 officials, 9 expect at least one rate hike this year, and 6 even expect multiple hikes. By contrast, only 1 official expects a rate cut this year; in addition, 1 participant (presumably Fed Chair Waller) did not submit an economic projections summary (SEP). Meanwhile, the Federal Reserve’s policy statement has been comprehensively revised from start to finish, with the text length clearly shortened. Overall, the communication framework of this meeting has undergone a significant change, and market expectations for the interest rate path may be readjusted accordingly.