Fed Holds Rate Steady at 3.50%-3.75%

Federal Reserve kept the federal funds rate at 3.50%-3.75% for a third consecutive meeting, its likely final move under Chair Jerome Powell.
The FOMC noted solid economic expansion, low job gains, stable unemployment, but elevated inflation driven by rising global energy prices.
Middle‑East conflict‑induced oil price surge adds uncertainty, while the Committee remains focused on 2% inflation target and maximum employment.
Senate Banking Committee advanced Kevin Warsh, Powell’s successor, to a full Senate vote, ahead of a potential Powell governorship decision.