๐Ÿšจ๐Ÿ“Š๐Ÿ‡บ๐Ÿ‡ธ The Fed projects higher rates for longer.

The dot plot shows that 16 of the 18 FOMC members expect at least one additional 25-basis-point hike during 2026.

In addition, the median of the projected rate increased:

โ€ข 2026: 4.1% vs. 3.8% in June.
โ€ข 2027: 4.1% vs. 3.6%.
โ€ข 2028: 3.9% vs. 3.4%.

The Fed also raised its growth projections and kept an inflation path that is higher for longer.
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