Fed Rate Projections in Focus as Hot Inflation Clouds 2024 Outlook

• Markets on edge as Fed to signal if they still expect 3 rate cuts in 2024 • Projection comes in a "dot plot" chart showing each Fed official's rate prediction • Inflation readings have been hotter than expected, putting December projection in doubt • Former Fed officials don't expect prediction to change much from 3 cuts • Some say 0 cuts now a possibility for 2024, while others urge Fed to wait past June