Wall Street closely watches Federal Reserve meetings, but it's not just the decision on interest rates that makes headlines. The central bank's dot plot is a key quarterly forecast for both investors and economists.

The Fed cut rates by a quarter point, and its dot plot now signals two more reductions in 2025, bringing the benchmark toward 3.5%–3.75% by year-end as updated forecasts highlight stronger growth but rising risks to jobs.

Fed officials see more rate cuts in the remainder of 2025 than they did previously—a shift that suggests they are growing increasingly worried about the economic outlook and the weakening labor market.

The Federal Reserve released its latest "dot plot" at its September meeting. Released quarterly, it shows where Fed members expect interest rates to be in the coming months and years. Yahoo Finance Senior Reporter Allie Canal breaks down the most recent dot plot and shows how it has changed from June.

We’ll discuss the long list of actions the Trump administration has taken in the economy. Also: making sense of the Fed’s dot plot.

For all the time we spend pushing back on the notion that the Fed Funds Rate is a root cause for volatility in longer-term rates, that push-back always carries a notable caveat: Fed Funds Rate expectations definitely have a direct correlation with longer-term rates.