The Epoch Times By  andÂ
Fed officials project six more rate increases this year
For the first time since 2018, the Federal Reserve raised its benchmark interest rate by 25 basis points, increasing the target range for the rate to 0.25â0.5 percent.
The Fed completed its two-day Federal Open Market Committee (FOMC) policy meeting on March 16, described by analysts as an important turning point for monetary policy.
Fed officials project six more rate increases for this year. The dot-plot, the main interest rate outlook by governors, shows a median short-term rate of 1.9 percent by the end of the year. It also estimates a median short-term rate of 2.8 percent in 2023 and 2024.
