ChainThink report, on September 17, the Federal Reserve will announce its interest rate decision tonight at 2 a.m., and release the dot plot of the interest rate cut path. Several institutions are optimistic about an increase in the number of interest rate cuts this year:

1. JPMorgan: The updated dot plot will show that there is space for three interest rate cuts this year, one more than the June dot plot.

2. Deutsche Bank: The median of the updated dot plot may show a total of 75 basis points in interest rate cuts in 2025, 25 basis points more than the prediction in June.

3. Barclays: The dot plot will show three interest rate cuts this year, one each in 2026 and 2027, while the long-term interest rate median forecast remains unchanged at 3.0%.

4. Bank of Montreal: It is expected that the interest rate median forecast at the end of 2025 will be lowered to reflect the possibility of two 25-basis-point rate cuts in October and December meetings.

Several institutions believe the dot plot will remain unchanged from June

1. Stone & Peel Group: The Federal Reserve is likely to disappoint market expectations, with the median of the dot plot likely to remain unchanged, still showing a total of 50 basis points in interest rate cuts this year.

2. UBS Group: The dot plot will show two interest rate cuts this year, while the market expects nearly three. Additionally, the forecasts for the economic outlook by participants will also be a focus.

3. Bank of America: Under the premise of largely unchanged macroeconomic forecasts, the median interest rate of the Federal Reserve in 2025 will continue to show a 50 basis point rate cut, despite the overall downward shift in the dot plot distribution.

4. Goldman Sachs: It is expected that the new dot plot will show two cumulative interest rate cuts this year to 3.875%. Although the Federal Reserve may currently plan for three consecutive rate cuts this year, it may also believe that there is no need to explicitly reflect this in the dot plot.

5. Morgan Stanley: It is expected that the median of this dot plot will still show two interest rate cuts this year, but actual economic data may push the Federal Reserve to make consecutive rate cuts for the rest of the year, extending this round of rate cuts into January of next year. (Jinshi)