Fed dot plot: three rate cuts expected in 2024, unchanged from last December

Expect the Fed's federal funds rate at the end of 2024 is 4.6%, last December is expected to be 4.6%; Expect the federal funds rate at the end of 2025 is 3.9%, last December is expected to be 3.6%; Expect the expected 3.6% federal funds rate at the end of 2026 is 3.1%, last December is expected to be 2.9%; Expect the long-term federal funds rate to be 2.6%, last December was expected to be 2.5%.