06/30/2026
The Fed’s benchmark rate stayed in the 3.50% to 3.75% range, with all 12 members of the Federal Open Market Committee voting in favor of holding rates unchanged.
The decision comes as inflation has climbed above 4% for the first time in three years, driven in part by higher energy costs and supply disruptions.
Fed officials described inflation as elevated and noted that price increases in certain sectors, including energy, have been affected by supply shocks.
For households and businesses, the decision matters because interest rates can influence borrowing costs, credit cards, auto loans, mortgages, business financing, and savings yields.
Even when rates do not move, the Fed’s language can offer clues about how officials are weighing inflation, employment, energy prices, and future economic conditions.
Source:
Futures markets overwhelmingly expected the Fed to keep rates unchanged.
