According to Golden Finance, Marc Chandler, chief market strategist at Bannockburn Global Forex, said, “My personal feeling is that the Fed is expected to take tough measures to cut interest rates, that is, to cut interest rates, but the dot plot shows that the subsequent rate cuts will be lower than expected in September. Powell also "He's going to reiterate what he said before that the economy is growing stronger than expected. So, through the dot plot and what he's suggesting, I think the takeaway from this is that the Fed won't cut rates as aggressively as they previously expected."