The U.S. Federal Reserve's (Fed) latest dot plot, which summarizes the interest rate expectations of its members, suggests that the benchmark interest rate could be cut by an additional 0.5% in 2020. This comes after the Fed reduced its benchmark rate by 0.25% on Wednesday, marking the third such cut this year. The dot plot shows that a majority of Fed officials expect the benchmark rate to be in a range of 1.5% to 1.75% at the end of 2020, which would imply an additional 0.5% cut from the current level of 1.75% to 2.00%. The Fed's decision to cut rates again underscores its concerns about the economy, which has been facing headwinds from the trade war with China and slowing global growth. The Fed is hoping that lower interest rates will stimulate economic activity and boost inflation, which has been running below the Fed's target of 2%. The market has reacted positively to the Fed's latest moves, with stock prices rising and bond yields falling. However, it remains to be seen whether the Fed's actions will be enough to boost the economy and prevent a recession.