The Federal Reserve continues to maintain interest rates unchanged and still expects to cut rates twice this year The Federal Reserve has kept the benchmark interest rate unchanged at 4.25% -4.50% for the fourth consecutive meeting, in line with market expectations. The Federal Reserve's dot matrix chart shows that it is expected to cut interest rates twice in 2025. (Expected twice in March) According to the Federal Reserve's dot matrix chart, among 19 officials, 7 officials believe that there will be no interest rate cuts in 2025 (4 in March), 2 officials believe that a cumulative interest rate cut of 25 basis points should be implemented in 2025, that is, one interest rate cut (4 in March), 8 officials believe that a cumulative interest rate cut of 50 basis points should be implemented in 2025, that is, two interest rate cuts (9 in March), and 2 officials believe that a cumulative interest rate cut of 75 basis points should be implemented in 2025, that is, three interest rate cuts (2 in March).