Fed holds rates for the second consecutive meeting

The central bank sees only one rate reduction in 2026

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Global Markets Investor
March 19, 2026

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The Federal Reserve left its interest rates unchanged for the 2nd consecutive meeting, keeping its target range at 3.50%-3.75% on Wednesday, March 18, as expected. December rate cut appears to be the last under Fed Chair Powell, whose term ends on May 15.

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The decision passed in an 11–1 vote, with only governor Stephen Miran dissenting in favor of a 25 bps cut.

Behind the paywall, you will find a full recap of the meeting, including statement changes, the Summary of Economic Projections (SEP), Chair Powell’s remarks, and the implications for markets and the economy, including investor reaction after the event.

Links to the previous meetings' summaries can be found below.

Federal Reserve holds rates steady after a largely uneventful meeting

The central bank has paused cuts for the first time since July

globalmarketsinvestor.beehiiv.com/p/federal-reserve-holds-rates-steady-after-a-largely-uneventful-meeting

Fed policymakers are increasingly divided

The central bank cut rates by 25 basis points for the 3rd time this year.

globalmarketsinvestor.beehiiv.com/p/fed-policymakers-are-increasingly-divided

The Fed is facing growing internal divide

The central bank cut rates by 25 basis points and will end QT on December 1 as expected.

globalmarketsinvestor.beehiiv.com/p/the-fed-is-facing-growing-internal-divide

The Fed is confused and divided

This makes investing harder

globalmarketsinvestor.beehiiv.com/p/the-fed-is-confused-and-divided

The Fed is still waiting despite slowing economy

No rate cut, no clarity on what's next, the Fed is going to be too late as always

globalmarketsinvestor.beehiiv.com/p/the-fed-is-still-waiting-despite-slowing-economy

FED’S STATEMENT, PROJECTIONS, DOT-PLOT

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