Wall Street slumps as investors absorb hawkish Fed Rate Message https://ift.tt/FhcCHGS, policymakers also signaled more large increases to come in new projections showing its policy rate rising to 4.40% by the end of this year before topping out at 4.60% in 2023. This is up from projections in June of 3.4% and 3.8% respectively.