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Chairman Warsh abstains from giving rate forecast as several members signal a hike in 2026
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- The Federal Reserve's latest projections pointed to one rate increase in 2026, though the outlook was complicated by the absence of a forecast from Chairman Kevin Warsh.
- Nine of 18 officials projected that the federal funds rate would end 2026 above its current range of 3.5% to 3.75%.
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The Federal Reserve's latest projections pointed to one rate increase in 2026, though the outlook was complicated by the absence of a forecast from Chairman Kevin Warsh.
Nine of 18 officials projected that the federal funds rate would end 2026 above its current range of 3.5% to 3.75%. However, the projections missed one participant, and Warsh confirmed in the press conference that he refrained from offering any projections of his own.
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