Every quarter, like clockwork, the Federal Reserve unveils its dot plot, a constellation of anonymous guesses by policymakers on where interest rates might be headed. To the untrained eye, it looks like a child’s connect-the-dots puzzle gone wrong. But to the financial world, this blurry Jackson Pollock chart is treated as gospel.Markets squint, strategists obsess, algorithms recalibrate, and business television hosts break out laser pointers. And yet, here’s the punchline: the dot plot is not a promise. It is not even a plan.
.png)
