Fed Dot Plot Turns Hawkish: 9 Expect Rate Hikes This Year, 6 Expect Multiple Hikes The Fed's June dot plot is more hawkish than expected: Out of 18 officials, 9 anticipate at least one rate hike this year, with 6 expecting more than one hike; only 1 predicts a rate cut this year. One official (suspected to be Kevin Warsh) did not submit an SEP forecast. Meanwhile, the wording of this statement has been significantly revised, with multiple references hinting at a dovish stance on rate cuts removed.