Fed officials project one more rate hike this year
Fed officials’ quarterly projections after their latest policy meeting show they expect one more interest rate increase this year, followed by rates held steady in 2027.
Federal Reserve officials expect one more interest rate increase this year after raising rates on Wednesday, and they expect to hold steady in 2027, quarterly projections released after their latest policy meeting showed. Policymakers also marked up their near-term outlook in the projections.