Elmar Voelker, senior fixed income analyst at Bank of Baden-Württemberg (LBBW), said in a note that the Fed's new interest rate expectations, known as the dot plot, due to be released at its meeting next week, are not expected to keep pace with expectations of rate cuts that are currently heating up. "It seems at least doubtful that the forecast adjustments will be able to keep pace with market expectations," he said. The same is true for the 2025 forecast. Voelker said the dot plot could become a "potential stumbling block to higher bond prices." Market speculation is that the Fed could slash interest rates by 50 basis points next week, but the bank's most recent forecast only hints at a 25 basis point cut this year.