We have the Federal Reserve’s policy decision in hand, and as was widely expected, the Federal Open Market Committee made no changes to the federal funds rate. However, in looking at the updated Set of Economic Projections (SEP), we see a few changes for 2026 and 2027 compared to the March set of projections:
4 Changes in the Fed’s New Projections, Including a Rate Hike Forecast
The bulk of these changes were expected, except for one
