## Federal Reserve Dot Plot Shows Divergence in Committee Views on 2026 Rate Path

According to the latest report from Golden Ten Data, the median expectations in the Federal Reserve's latest dot plot indicate a rate cut in 2026, another in 2027, and no change in 2028.

This set of data reflects clear disagreements among Federal Open Market Committee (FOMC) members. There are markedly different opinions on the outlook for interest rates in 2026.

**Differences in Committee Members' Rate Views**

Members have various judgments on whether to adjust interest rates in 2026: 3 members believe there should be a rate hike, up from 2 in September; 4 members advocate for holding rates steady, down from 6 in September; 4 members support a rate cut, compared to 2 in September, indicating an increased expectation of rate cuts; another 4 members favor two rate cuts, the same as in September; 2 members believe there should be three rate cuts, down from 3 in September; 1 member supports four rate cuts, down from 2 in September; notably, 1 member believes there should be six rate cuts, whereas no one held this extreme view in September.

**Signals from Evolving Views**

Comparing data from September to December shows that the Federal Reserve Committee is making internal adjustments to its rate policy. Support for rate hikes has slightly increased, while support for holding rates steady has significantly decreased, indicating a shift in members' economic outlooks. Meanwhile, the range of views supporting rate cuts has broadened, from a single cut to multiple cuts, reflecting differing expectations for future economic growth.