【Royal Bank of Canada: The Federal Reserve's latest dot plot suggests only two rate cuts in 2025】Golden Finance reports that the Royal Bank of Canada Capital Markets (RBC Capital Markets) stated that Federal Reserve officials may indicate only two rate cuts next year when they update their quarterly dot plot forecast this week, compared to the expectation of four rate cuts in September. The median forecast in the Federal Reserve's September dot plot implied a 100 basis point rate cut in 2024 and another 100 basis point cut in 2025. "The speeches of Federal Reserve officials since the November meeting have almost locked in a 25 basis point rate cut," wrote Blake Gwinn and Izaac Brook of the Royal Bank of Canada in their report on Wednesday, "Therefore, the focus of this week's meeting will mainly be on the updated dot plot and Powell's remarks."