The Federal Reserve expects to cut interest rates once in 2026 and once in 2027 The median of the Federal Reserve's dot plot shows that the Fed will cut interest rates once in 2026, once in 2027, and keep rates unchanged in 2028, consistent with the expected path in December 2025. From a specific perspective: 0 people believe that there should be one interest rate hike in 2026 (3 people in December), 7 people believe that interest rates should remain unchanged in 2026 (4 people in December), 7 people believe that there should be one interest rate cut in 2026 (4 people in December), Two people believe that there should be two interest rate cuts in 2026 (compared to four in December), Two people believe that there should be three interest rate cuts in 2026 (compared to two in December), One person believes that there should be four interest rate cuts in 2026 (compared to one in December), 0 people believe that there should be 6 interest rate cuts in 2026 (1 in December). Overall, the number of people supporting a one-time interest rate cut in 2026 has increased compared to December, while the number supporting a larger rate cut has decreased. Among them, Federal Reserve Governor Milan's expected number of interest rate cuts has decreased to 4, or 100 basis points. In December last year, he believed that there should be 6 interest rate cuts, totaling 150 basis points. Crypto Bitcoin