Except for the fact that the dot plot does not clearly lean towards dovish sentiment, statements, speeches, and economic forecasts all indicate that the Fed is very concerned about the risk of recession or stagflation. In addition, starting from April, the QT time point was also slowed down as early as possible, which is equivalent to a reduction of $20 billion in the net "pumping" of water into the market every month. You can give this meeting a 75% dovish score, as the short-term rebound foundation is relatively solid.