What is a 'dot plot'?

'Dot plot' refers to a chart made up of dots. In a financial context, the term specifically denotes the chart published by the U.S. Federal Reserve (Fed) that displays individual estimates from participants in Federal Open Market Committee (FOMC) meetings-namely Fed governors and the presidents of the 12 regional Fed banks (including non-voting members for that year)-regarding the appropriate level for the policy interest rate.

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