Chart of the Week: Target and Projected Fed Funds Rate

Federal Open Market Committee (FOMC) projections from the June 2025 meeting show that members expect increases in both the unemployment rate and inflation throughout the course of this year, as well as slightly weaker economic growth.

FOMC Cuts Interest Rates; MBA Economist Weighs In

The Federal Reserve’s Federal Open Market Committee cut interest rates by 25 basis points Wednesday in its third consecutive reduction. The market had anticipated the change.

Fed Holds Rates Steady Again

The Federal Reserve again held rates steady July 31, noting that there has been “some further progress toward the Committee’s 2% inflation objective” over the past few months.