The expectation is for the Federal Reserve to make no changes but could discuss their potential plans to cut rates in 2024 through their dot plot forecasting of the Federal Reserve Board members. The last dot plot in June was the FF Rate was to drop to 4.6 in 2024 down from 5.6% in 2023, which means one more rate increase in 2023 followed by a 1% drop in 2024.

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