Reasoning
The September 2026 SEP will likely maintain the dot plot format because the June 2026 SEP already showed nine of eighteen participants projecting the year end 2026 rate above the current 3.50 to 3.75 percent target range, indicating the dots continue to capture meaningful dispersion. Historical precedent shows the FOMC has retained the same dot plot structure across the 2012 to 2025 period despite changes in chairs and policy regimes. Kevin Warsh's June 17, 2026 decision to erase the cutting bias and leave rates unchanged further signals continuity rather than a break in communication practices.Key uncertainty
Potential changes to the SEP format under the new Fed Chair that have not yet been signaled.