According to Yahoo Finance "The Federal Reserve kept interest rates unchanged in the 3.5%-3.75% range at the end of its two-day policy meeting on Wednesday, as widely expected." Most other news organizations are also reporting this as well.
Along with its second policy decision of the year, the Fed also published its first Summary of Economic Projections (SEP) for 2026, which showed that officials maintained a median forecast for one rate cut in 2026. In December, the median Federal Open Market Committee member also projected one rate cut this year.
Stocks fell on Wednesday after Fed Chair Jerome Powell underscored the uncertainty surrounding the oil shock during his press conference and said the US had not made as much progress on inflation as it had hoped.
Markets closely watched the press conference for clues on how the war in Iran might shift the Fed's rate-cutting calculus. The recent spike in oil prices, driven by the Middle East conflict, has complicated the Fed's picture, as inflation remains above the central bank's 2% target and the labor market slows.full_article_finance.yahoo.com
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