Strategist: The dot plot signals a more hawkish stance than dissenting votes

On December 11th, B. Riley Wealth Chief Market Strategist Art Hogan stated that this was absolutely a hawkish rate cut, not only reflected in the fact that two members voted against the decision and advocated to hold steady. More importantly, from the dot plot, in fact, six members expected no rate cut at all in this meeting. Therefore, the hawkish signal conveyed by the dot plot is even stronger than that of the two dissenters. They actually raised the threshold for a rate cut at the next meeting. (Jin10)