Fed officials see the fed funds rate falling to 3.9% this year, on par with its previous December projection. Coming into the decision, markets had priced in two to three additional rate cuts this ...

The central bank held rates steady for the fourth meeting in a row. It also released its latest Summary of Economic Projections (SEP), including its " dot plot," which maps out policymakers' ...

Notably, the 2-year rate is now falling rapidly relative to the current 5.25%-to-5.50% target range for the Fed funds rates. That’s a signal that the market’s pricing in higher odds that 1 ...