· Greenback · Federal Reserve
The Fed Holds Steady: What Today's FOMC Decision Means for the Economy
The Federal Reserve held its ground today, keeping the federal funds rate at 3½ to 3¾ percent following its March 17–18 meeting. The decision was nearly unanimous — only Stephen Miran dissented, preferring a quarter-point cut — and signals that the Fed remains in wait-and-see mode as it navigates a familiar tension: solid economic growth on one side, stubbornly elevated inflation on the other.