ChainCatcher reports that Elmar Voelker, Senior Fixed Income Analyst at Landesbank Baden-Württemberg (LBBW), said in a report that the new interest rate projections, known as the dot plot, to be released by the Federal Reserve at its meeting next week, are unlikely to align with the current expectations for a more aggressive rate cut. "Whether the projected adjustments can keep pace with market expectations seems at least questionable," he said. The same applies to projections for 2025.

Voelker stated that the dot plot could potentially be a "stumbling block for bond price increases." The market speculates that the Fed may cut rates by a substantial 50 basis points next week, but the bank's recent projections only hint at a 25 basis point rate cut this year. (Jin10)