🚨 Fed Holds Rates Again — And It's Getting Messy
The Fed just held rates steady at 3.5%–3.75% for the third straight meeting. But this one was far from calm.
The FOMC vote split 8-4 — the most divided since 1992. One member wanted an immediate cut, while three hawks pushed hard against any easing bias in the statement. Oil prices hovering near $118–120/barrel due to the Iran conflict are adding serious inflation pressure.
This was likely Powell’s final press conference as Chair. He steps down May 15 when Kevin Warsh takes over. Powell also confirmed he’ll stay on as a Governor for now to protect the Fed’s independence.
Rate cuts in 2026? Markets are pricing in almost zero chance. 2027 looks more realistic.
Volatility loading… Crypto traders, stay sharp 👀
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