Vorosh avoids rate forecast amid Fed hints of 2026 hike

Federal Reserve expectations indicate that the federal funds rate may be raised once during 2026, with projections suggesting it could reach around 3.8% by year's end, up from 3.4% in March. The U.S. central bank kept interest rates steady within the current range of 3.50% to 3.75%, with Fed Chair Jerome Powell refraining from providing his personal forecast in the dot plot, instead focusing on reviewing communication practices with the markets.

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