Fed officials forecast one more rate hike this year
Federal Reserve policymakers’ quarterly projections call for one more rate increase this year and for rates to be held steady in 2027, after a rate rise on Wednesday.
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09:24:50 PM UTC
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Shares of banks and other financial institutions fell amid concerns about rising credit stress.The Federal Reserve raised interest rates for the first time in three years, taking back some of the monetary stimulus provided last year.The vast majority of officials penciled in one more hike this year…
Federal Reserve officials expect one more interest rate increase this year after raising rates on Wednesday, and they expect to hold rates steady in 2027, quarterly projections released after their latest policy meeting showed. At the same time, policymakers also marked up their near-term forecasts.