Per Woofun AI, the latest Federal Reserve dot plot reveals that only 17 of the 19 voting officials submitted projections for 2028, down from 18 for 2026 and 2027. Market participants had already priced in the absence of newly appointed Fed Chairman Warsh, whose non-participation was widely expected prior to the release.

The identity of the second official who withheld their 2028 forecast remains undisclosed, adding a layer of uncertainty to the interpretation of the central bank's forward guidance. This divergence highlights potential internal disagreements or strategic caution among policymakers regarding long-term rate trajectories.