Fed holds federal funds rate at 3.50%–3.75%
Change
On March 18, 2026, the U.S. Federal Reserve voted 11–1 to keep the federal funds rate at 3.50%–3.75%.
Why it matters
The Federal Open Market Committee voted 11–1 to keep the target federal funds rate in a 3.50%–3.75% range. Officials signaled one expected rate cut by the end of 2026. The committee had cut rates three consecutive times late in the previous year and held them steady at its January meeting. The statement cited an uncertain economic outlook tied to the war in Iran and noted that economic activity was expanding at a solid pace.
Implications
- • Corporate and household refinancing plans remain priced to current policy-rate levels.
- • Banks' loan pricing and credit models continue to reference the 3.50%–3.75% federal funds target range.
Unlock the decision layer.
See what the change means — implications, exposure, timing — and ask AI about any brief instantly.
- Implications: What actually changes downstream.
- Who is affected: Which teams or operators are exposed.
- What to watch: Deadlines, triggers, and next moves.
- Ask AI: Clarify any brief instantly, in context.
14-day free trial. Full access. No credit card required.
Start free trial
Source
Topics