US Federal Reserve announced today that it has decided not to change the benchmark interest rates. The committee decided to keep the target range for the federal funds rate between 3.5% and 3.75%.
All members of the committee voted in favor of the resolution. Stephen I. Miran, He asked for a 25 basis point reduction.
According to the statement of the Federal Open Market Committee (FOMC), economic uncertainty has increased further due to current factors and conflicts in the Middle East.
The war with Iran caused oil prices to increase significantly. It is difficult to know how long high prices will continue.
The committee said its dual mandate of full employment and 2 percent inflation was mindful of risks to both parties.
Fed Chairman Jerome Powell noted that the labor market is not the source of inflation. PPI It was published today and turned out to be a warmer read than expected.
While the Fed believes keeping interest rates steady is the right move, inflation data platform TruFlation continues to report that actual inflation is much lower than the figures the Fed is relying on. Chairman Powell said that they expect progress in housing services and goods and services inflation to continue.
Real-time inflation, calculated by Truflation based on actual transaction prices, fell significantly below the Fed’s 2% target in January and February, then rebounded slightly in March.
Today US CPI was 1.54% annually
Truflation core US CPI was 1.33% y/y today— Truflation (@truflation) March 16, 2026
Other comments on Chairman Powell’s note in the presser.
The president said he has no intention of leaving the Fed until the Justice Department’s investigation into Fed management is over.
He also plans to remain Pro-Tem President until his replacement is confirmed.
He said he has not decided whether he will remain on the Fed board after this, as his term has not yet expired.
