Fed still forecasts just one rate cut for next year

The Federal Reserve still sees just one rate cut in 2026, unchanged from its last forecast about three months ago.

The central bank’s so-called dot plot, which anonymously shows 19 individual members’ expectations, indicates a median estimate of 3.4% for the federal funds rate at the end of 2026, a quarter point lower than the current range between 3.5%-3.75%. The forecast is the same from its projection from last quarter.

Source: https://www.cnbc.com/2025/12/10/feds-dot-plot-shows-one-rate-cut-for-next-year.html