【Market Analysis: Traders Will Closely Watch the Fed's Rate Cut Expectations】Before the Federal Reserve releases the second forward-looking dot plot for 2025, it is necessary to review the latest forecasts from officials since March. At that meeting, officials anticipated that this year's GDP growth would slow to 1.7%, the unemployment rate would rise to 4.4%, and the Fed's preferred PCE inflation indicator would show that prices would rise by 2.7% in 2025 due to tariffs leading to slower economic growth and higher costs. Perhaps most importantly, the median expectation among officials is that the Fed will cut rates twice during the remainder of 2025, followed by two more cuts in 2026. When the new dot plot is released at 2 AM tonight, the rate cut forecasts will be among the first data points to attract investors' attention.