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March 2026 FOMC Review: Watching & Waiting
As expected, and bang in line with market pricing, the FOMC maintained the target range for the fed funds rate between 3.50% - 3.75% at the conclusion of the March meeting, extending a ‘pause’ in the easing cycle which began in January, amid an increasingly uncertain economic outlook in light of ongoing conflict in the Middle East, and the subsequent sharp rise in energy prices. chart Despite no policy changes being made, the Committee remained divided as to the appropriate rate path, continuing what is now a long-running theme of disunity among policymakers, with the last unanimous rate decision having been in ... (full story)