# InterestRateOutlook

#FedHoldsRateButDividesDeepen
The Federal Reserve just hit “pause” on interest rates — but the real story isn’t the hold… it’s the conflict inside the Fed itself.
The central bank kept rates steady at 3.5%–3.75%, but the decision came with an 8–4 split — the most divided vote since 1992.
That kind of disagreement is rare. And it tells you one thing clearly:
The market outlook is no longer aligned at the top level.
Here’s what’s happening under the surface:
First, inflation is still a problem.
Recent data shows inflation staying well above the Fed’s 2% target, with energy prices and global te