The Federal Reserve's latest dot plot revealed that nine policymakers project at least one interest rate hike this year, with six even suggesting multiple hikes could be in the offing. The projections, released after the June policy meeting, showed a sharp shift from March, when the median forecast had pointed to rate cuts. The 18 anonymous projections were evenly split, with nine members expecting higher rates and nine expecting rates to remain unchanged or lower by the end of 2026. The median forecast for rates at the end of 2027 held steady at the current 3.50% to 3.75% range. New Fed Chairman Kevin Warsh did not participate in the dot plot and has signaled he may seek to discontinue the tool, announcing a new communications task force to review the Fed's overall strategy.