Fed policymakers see end-2024 policy rate at 4.4%: projections
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WASHINGTON : U.S. central bankers think they’ll need to lower interest rates to a range of 4.25 per cent-4.50 per cent by year-end, more than they anticipated in June, as inflation approaches their 2 per cent goal and unemployment rises. That's according to the median of new economic projections published on Wednesday by the Federal Reserve at the end of its Sept. 17-18 meeting, at which it delivered part of that expected 100 basis-point reduction this year in the form of an initial half-of-a-
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