If they expect Unemployment to go up to 4,5% and PCE to 3,0% and Core PCE to 3.1% and that combined would set the FedFund to 3,9% (2 cuts) and we are at 4,2% unemployment. Why are they freaking out? Now should unemployment be lower 4,2% and inflation too 2,7-2,8%, there also doesn't seem to be a reason to cut as they would even themselves out and cutting would risk inflation go up again. The dotplot implies they are willing to accept 4,5% unemployment, depending on the unemployment rate.