This page shows the fed funds rate, the Federal Reserve's (Fed's) projection and market expectations as per the futures market. For now, the Fed is forecasting its policy rate increases through 2023 in response to the inflationary pressure, before reverting back to the long-run neutral rate estimate of 2.5%. The table on the top right is the Summary of Economic Projections which is a collection of forecasts by the Federal Open Market Committee members. Its change is seen as an important indication of the Fed's view on the economy and policy outlook.