Strategist: Dot Plot Signals Hawkish Shift More Clearly Than Dissent

BlockBeats News, December 11th, B. Riley Wealth's Chief Market Strategist Art Hogan stated that this is definitely a hawkish rate cut, not only reflected in the two committee members casting dissenting votes and advocating for no change.

More importantly, looking at the dot plot, in fact, there were six committee members at this meeting who did not expect a rate cut at all. Therefore, the hawkish signal conveyed by the dot plot is even stronger than those two public dissenters. They have actually raised the bar for the next meeting's rate cut. (FX678)