【美联储维持今年利率预期在3.9%不变，上调明年、后年预期】美联储：预计2025年联邦基金利率目标区间的中位数为3.9%，3月份预计为3.9%。预计2026年为3.6%，此前预计3.4%。预计2027年为3.4%，此前预计3.1%。预计更长周期为3.0%，此前预计3.0%。

Core Viewpoint - The Federal Reserve maintains its interest rate forecast for 2023 at 3.9% while adjusting projections for 2024 and beyond upward [1] Summary by Category Interest Rate Projections - The Federal Reserve expects the median target range for the federal funds rate to remain at 3.9% for 2025, unchanged from March's forecast [1] - The forecast for 2026 has been raised to 3.6%, up from the previous estimate of 3.4% [1] - The 2027 projection is now 3.4%, an increase from the earlier forecast of 3.1% [1] - The long-term forecast remains steady at 3.0%, consistent with prior expectations [1]