Fed Sees One More Rate Hike by End of 2026

Fed officials expect one more rate rise before end-2026, Reuters reported Sept. 16 after the Sept. 15-16 FOMC meeting. The median forecast, the middle estimate, holds the federal funds rate, banks' overnight lending rate, at 4.1% for 2026 and 2027, per the Fed's Summary of Economic Projections. Borrowers face higher-for-longer costs; savers keep higher cash returns.