FOMC dot plot and central tendencies from Dec 2022 meeting.

The dot plot from December 2022 shows the median rate at the end of 2023 at 5.1% vs 4.6% at the September 2022 projection

• For 2024, the median fed funds target rate is 4.1% versus 3.9% in September
• For 2025, the median fed funds target rate is 3.1% versus 2.9%