The Fed's dot plot, which shows 19 individual members' expectations, indicates a median estimate of 3.4% for the federal funds rate at the end of 2026.

With a fall rate cut looking likely now, households may finally get some relief from the sky-high borrowing costs — depending on a few key financial moves.

The Federal Reserve on Wednesday released its decision on interest rates and updated its economic projections.

The Fed's dot plot, which shows 19 individual members' expectations, indicates a median estimate of 3.4% for the federal funds rate at the end of 2026.