Fed Holds Rates at 3.50%-3.75%, Extending Wait-and-See Stance

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The Fed kept rates unchanged at 3.50%-3.75%, and Matthew Vegari said the decision signaled a continued wait-and-see approach. Matthew Vegari, head of research at Clearwater Analytics’ investment platform, said the Fed was not willing to overlook energy-driven inflation as it did with tariff-induced inflation in the past. Matthew Vegari said White House pressure for rate cuts had backfired. Matthew Vegari said any rate cut during accelerating inflation would reflect a clear weakening in the labor market, not political pressure.

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