FED LIFTS PROJECTED RATE PATH ACROSS 2026-2028
The Fed now projects one more hike this year, followed by one cut by the end of 2028.
2026: 4.1% vs 3.8% in June
2027: 4.1% vs 3.6%
2028: 3.9% vs 3.4%
Long run: 3.2% vs 3.1%
12 of 18 officials expect another hike this year.