2026-03-19 11:52:00

Summary of yesterday's FOMC meeting

➜ Rates unchanged at 3.5%–3.75%.
➜ The economy is still holding up with decent growth, unemployment around 4.4%, but inflation is still higher than the Fed wants.
➜ They mentioned uncertainty is high right now, mainly because of the Middle East situation and rising oil prices, which could push inflation up again.
➜ New projections show slightly stronger growth, but also higher inflation for 2026, so the Fed is not in a hurry to cut.
➜ Current outlook still points to maybe one small rate cut later in 2026, nothing aggressive.
➜ Powell basically said policy is fine for now, they will watch the data, and there is no fixed plan.
➜ Next meeting is April 28–29.
Overall this was a bit hawkish. Rates staying high usually means pressure for stocks and crypto until the market sees clear signs of inflation cooling.
Do with this info what you will.

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