The Fed's dot chart will reflect Nan Ran's view, indicating its tendency to cut interest rates significantly

Kevin Burgett, an analyst at LHMeyer, a firm that tracks the Fed's dynamics, wrote in a report to clients that Milan's remarks will be included in the "dot map" released after the Fed's meeting. Bergit further pointed out that Milan "almost certainly will vote against the '25 basis points rate cut' resolution," and although his name will not be included in the dot matrix, it may indicate his tendency to "significant rate cuts." Additionally, Milan is not the only new official to anonymously submit economic and interest rate expectations when the Fed releases its latest dot chart later today. Another newbie involved in the work is Paulson, who succeeded Patak as chairman of the Philadelphia Fed on July 1. (Gold and Stone)