FOMC Dot Plot Tool
The Federal Reserve's "dot plot" shows where each member of the Federal Open Market Committee (FOMC) thinks the federal funds rate should be at the end of each year. Use this interactive tool to explore these projections and understand where monetary policy might be headed.
FOMC Participants' Assessments of Appropriate Policy
Midpoint of target range for the federal funds rate
(Note: Data is simulated for demonstration purposes)
Each blue dot represents a projection from an individual FOMC participant.
About the FOMC Dot Plot
The FOMC Dot Plot shows where each member of the Federal Open Market Committee thinks the federal funds rate should be at the end of various calendar years and over the longer run.
Each dot represents a single FOMC member's projection. The size of each dot indicates how many members have that specific projection.
This visualization helps market participants understand the range of views within the Fed about the future path of monetary policy.
About the Dot Plot
The FOMC dot plot is released quarterly as part of the Federal Reserve's Summary of Economic Projections. Each dot represents a projection by one of the FOMC members (including Federal Reserve Board governors and Federal Reserve Bank presidents).
While the dot plot doesn't represent an official policy commitment, it provides valuable insights into how the members of the committee are thinking about the future path of interest rates based on their individual assessments of economic conditions.
The "Longer Run" projection represents where members believe the federal funds rate should be once economic conditions have normalized over the longer term.