21 March 2024
The Fed Said That They Project The Fed Funds Rate
The Fed said that they project the Fed Funds Rate to decline to 4.6% next year, thus the forecast of 3x rate cuts remains the same as the initial projection in December. For 2025 and 2026, the Fed sees fewer rate cuts, to 3.9% next year and 3.1% in 2026, higher than the initial forecasts of 3.6% and 2.9% respectively.