The Federal Reserve's latest "dot plot" outlining future interest rate moves suggests the central bank will still cut rates twice this year, unchanged from its March outlook, though June's forecast shows a more divided Fed weighing its next move on interest rates.

The Federal Reserve is all but certain to announce no change in interest rates after its two-day policy meeting ends today. What matters more is how many cuts policymakers indicate they expect to make this year.

The Fed’s dot plot is a chart that records each Fed official’s projection for the central bank’s key short-term interest rate. The dot plot is updated every three months and is meant to provide insight into the Fed’s future rate decisions,