Federal Reserve officials significantly lowered their year-end interest-rate forecast in their quarterly Summary of Economic Projections, with the median forecast predicting a total of a percentage ...
The U.S. economy is on track to expand at a 2% pace in 2024 and repeat that level of growth for the next three years, the Fed predicted. The Fed slightly lowered its estimate for gross domestic ...
Federal Reserve officials kicked off their rate-cutting cycle on Wednesday with a half-point reduction and predicted more easing to come in 2024. They also forecasted still-lower rates in 2025 and ...