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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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.
The Federal Reserve delivered the quarter-point rate hike Wall Street expected Wednesday. But its new projections suggest the Fed isn’t done: 16 of 18 policymakers see at least one more increase this year. The Fed unanimously raised its target rate to 3.75%-4%, its first increase since 2023. Median Projection Implies O
Wall Street has spent weeks debating whether the Federal Reserve will raise interest rates Wednesday. The futures market has almost stopped debating. Traders assign a 93% probability to a quarter-point hike, which would lift the federal funds rate to 3.75%—4.00%. It would be the Fed’s first increase since July 2023. On
August consumer price index data is due Friday at 8:30 a.m. ET, with core CPI expected to rise 0.2% in August and headline CPI about 0.4%. The report is seen as key to whether the Federal Reserve raises rates next week.
Gold futures move above $4,380 an ounce, with 22V Research’s John Roque saying the metal is a buy on pullbacks and that $4,800 is a reasonable first upside objective.
Gold's price movement may be determined by Thursday's inflation report as it balances the effects of a hawkish Fed and progress in US-Iran peace talks