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Observations from Fed Statement, Forecasts and Press Conference
The press release reads very much like the one seven weeks earlier. Again and as was very widely expected, the federal funds rate was left unchanged at 3.50-3.75%. The insertion of a new sentence in paragraph two stating “the implications of developments in the Middle East for the U.S. economy are uncertain” merely states the obvious that elevated uncertainty has become even more so. A more interesting modification was that Governor Christopher Waller’s vote shifted from a dissent in late January that had favored a 25-basis point interest rate cut to agreeing this time with the overwhelming majority to leave ... (full story)
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From pepperstone.com | Mar 18, 2026
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 ...
Alan Blinder, Former Federal Reserve vice chairman, joins 'Closing Bell Overtime' to talk what is ahead for the FOMC after Wednesday's decision to leave rates unchanged.
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve conducts the nations monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. ...