Fed may still consider 2 rate cuts this year Related news
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ISTANBUL The US Federal Reserve may not rule out at least two interest rate cuts in 2025, according to the central bank's projections released Wednesday. The Fed kept its forecast for the federal funds rate unchanged at 3.9% for the end of the year. On the other hand, it raised its 2026 forecast for the federal funds rate from 3.4% to 3.6% and its 2027 forecast from 3.1% to 3.4% while leaving the long-term average interest rate expectation at 3%. The forecasts signal the Fed continues to
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