That’s the same as its projection in December. The short-term fed funds rate, now at a median 4.4%, is seen moving down to 3.9% this year, 3.4% in 2026 and 3.1% by 2027.

There’s no mystery what the pinnacle moment of this trading week will be: the latest Federal Open Marketed Committee (FOMC) meeting, beginning tomorrow and finishing with a new report on ...