Fed Member Predictions for Federal Funds Rate 2025–2026

Based on the Fed's "dot plot" predictions released Dec. 18, 2024, below are the committee's median projections on where the fed funds rate will be at the end of the coming two years.

The federal funds rate is represented by a range, currently 4.25%–4.50%. For simplicity, the numbers above indicate the lower end of the range.
Source: Federal Reserve Board
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