@OptionsDelta:The focus of the FOMC's observation on Thursday will be the dot plot, which compares the gap between two expectations: one is the September dot plot expectations, and the other is the market expectations.The November meeting did not release a dot plot, and the September forecast for 2024 moved up from the June forecast to a median of 5.125 percent. The current futures market forecast is 4.26%. In the case that it is clear that another rate hike is not possible tomorrow, then the dot plot will probably change in two directions: stay unchanged, or the dot matrix will move down and more members will agree to multiple rate cuts.I think the dot matrix has a large probability of moving down but it is unlikely to equal the futures market expectations. With inflation steadily falling but no recess