Fed Dot Plot Shows Six Officials Opposed to December Rate Cut

The Federal Reserve’s dot plot released on Dec. 11 indicates that 6 of 19 officials favored keeping rates unchanged in December, while 12 supported a 25 basis point cut and 1 supported a 50 basis point cut, according to BlockBeats citing Jin10. The report notes that 2025 voting members Jeffrey Schmid, President of the Federal Reserve Bank of Kansas City, and Austan Goolsbee, President of the Federal Reserve Bank of Chicago, were among those preferring no change. The single 50 basis point cut preference was attributed to Stephen Miran, a member of the Federal Reserve Board of Governors.