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David Dierking

New Fed Dot Plot: 1 More Hike in 2018; 3 Hikes in 2019

Take the new Fed Dot Plot report for what it's worth. It has historically not been very accurate in the past, but it is helpful in seeing where the FOMC thinks the economy is heading. Right now, most FOMC members anticipate another rate hike in December with another three taking place in 2019.

Opinions are mixed, as they usually are, among individual members. One sees no further rate hikes through at least 2021, while another forecasts eight. The FOMC as a whole projects a long-term Fed funds target rate around 3%.

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