See the FOMC's 2026 outlook for rate cuts. Projections signal a shallow easing path. Includes expert reactions.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

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The Federal Reserve marked down their 2025 and 2026 interest rate outlook, with a softening labor market outweighing concerns ...

Every three months, the central bank updates a scatter chart showing where top officials believe rates are headed. Not everyone is a fan of the anonymous projections.

As widely expected, the Federal Reserve trimmed its policy rate by 25 basis points to 4.00%-4.25% on Wednesday, acknowledging a softening labor market even as inflation perked up in recent months.

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“Policymakers continue to disagree fervently on the merits of further easing, setting the stage for knife-edge votes at the final twomeetings of this year,” said Samuel Tombs, chief U.S. economist at ...