Federal Reserve officials expect one more rate hike this year and steady rates in 2027, while raising inflation forecasts and maintaining growth outlooks. The Federal Reserve on Wednesday approved its first interest rate hike since 2023 and indicated another to come. Key points and original sources are listed below.

• Federal Reserve officials expect one more rate hike this year and steady rates in 2027, while raising inflation forecasts and maintaining growth outlooks.S1

• The Federal Reserve on Wednesday approved its first interest rate hike since 2023 and indicated another to come.S2