Fed Rates Hold Steady at 3.50%–3.75% 🚨
The Key Takeaways:
Current Rate Range: 3.50% to 3.75%.
The Vote: An unusual 8-4 split, with four members pushing for more hawkish or distinct easing biases, reflecting deep internal debate over "sticky" inflation.
Macro Headwinds: Geopolitical tensions in the Middle East and rising energy costs continue to cloud the path toward the Fed's 2% inflation target.
Leadership Transition: This marks Jerome Powell’s final meeting as Chair. Kevin Warsh is expected to take the helm by May 15.
Federal Funds Rate Trend (2025–2026)
Date Rate Decision Target Range
Sept 2025 25 bps 4.00% 4.25%
Oct 2025 25 bps 3.75% 4.00%
Nov 2025 25 bps 3.50% 3.75%
Jan 2026 3.50% 3.75%
Mar 2026 3.50% 3.75%
Apr 2026 3.50% 3.75%