The Fed's interest rate cut this time is not simple: the hawkish signals revealed by the dot plot are stronger than you think

【Blockchain Rhythm】B. Riley Wealth’s Chief Market Strategist Art Hogan recently offered an interesting observation — this rate cut has a strongly hawkish tone.

On the surface, two members voted against the change, advocating to leave interest rates unchanged. But what’s truly noteworthy is the information revealed by the dot plot: surprisingly, six members believe that a rate cut should not have been considered at this meeting at all. What does this imply? The hawkish signals conveyed by the dot plot are actually much more aggressive than the two dissenting votes publicly expressed.

In simple terms, this move by the Federal Reserve essentially raises the bar for the next rate cut. If the market still expects easing, it might need to rethink that expectation. The direction of monetary policy is more crucial than what appears on the surface.