Fed Projects One More Interest-Rate Hike Before End of 2026

Federal Reserve policymakers projected one more interest-rate increase before end-2026, Reuters reported September 16, following the FOMC's September 15-16 meeting. The median federal funds rate projection held at 4.1% for 2026 and 2027, per the Fed's Summary of Economic Projections. For borrowers, that means higher-for-longer pressure; for savers, cash yields stay elevated.