“The Fed forecasts lowering rates by another half point before the year is out”

“…The so-called dot plot indicated that 19 FOMC members, both voters and nonvoters, see the benchmark fed funds rate at 4.4% by the end of this year, equivalent to a target range of 4.25% to 4.5%. The Fed’s two remaining meetings for the year are scheduled for Nov. 6-7 and Dec.17-18.

Through 2025, the central bank forecasts interest rates landing at 3.4%, indicating another full percentage point in cuts. Through 2026, rates are expected to fall to 2.9% with another half-point reduction…”

https://www.cnbc.com/2024/09/18/the-fed-forecasts-lowering-rates-by-another-half-point-before-the-year-is-out.html