#FedRatesUnchanged
In the meeting on April 29, 2026, the Federal Reserve (Fed) decided to keep interest rates unchanged in the range of 3.50% to 3.75%. This was the third consecutive meeting where rates remained stable.
Binance +1
Key Highlights of the Decision
Split Vote: The Federal Open Market Committee (FOMC) voted 8 to 4 to maintain rates. This dissent from four members is the largest since October 1992, indicating deep internal divisions over the direction of monetary policy.
Inflation Pressure: The Fed changed its language regarding inflation from "somewhat elevated" to "elevated." Jerome Powell predicted that March's PCE inflation would hit 3.5%, driven by rising energy prices.
Powell's Exit: This was Jerome Powell's last press conference as Fed chair, with his term ending on May 15. Kevin Warsh, appointed by President Donald Trump, is the likely successor.#BinanceSquareTalks #BinanceVietnamSquare $USDC
In the meeting on April 29, 2026, the Federal Reserve (Fed) decided to keep interest rates unchanged in the range of 3.50% to 3.75%. This was the third consecutive meeting where rates remained stable.
Binance +1
Key Highlights of the Decision
Split Vote: The Federal Open Market Committee (FOMC) voted 8 to 4 to maintain rates. This dissent from four members is the largest since October 1992, indicating deep internal divisions over the direction of monetary policy.
Inflation Pressure: The Fed changed its language regarding inflation from "somewhat elevated" to "elevated." Jerome Powell predicted that March's PCE inflation would hit 3.5%, driven by rising energy prices.
Powell's Exit: This was Jerome Powell's last press conference as Fed chair, with his term ending on May 15. Kevin Warsh, appointed by President Donald Trump, is the likely successor.#BinanceSquareTalks #BinanceVietnamSquare $USDC