What good is a projection of the Fed funds rate? The dot plot was invented in late 2011, at a time when Fed officials were considering how to prepare markets for the shift they hoped to make away ...

When the Fed’s so-called dot plot of the projected interest-rate path signaled two hikes for 2019, U.S. stocks plunged 3.5 percent in just over an hour. Have a confidential tip for our reporters?