Elevated inflation and a resilient labor market have driven trader consensus toward zero Federal Reserve rate cuts in 2026 at 79.8% implied probability. The June FOMC meeting under new Chair Kevin Warsh held the fed funds target at 3.50%-3.75%, with updated projections lifting 2026 PCE inflation to 3.6% and showing nine officials favoring at least one hike by year-end. A blowout May jobs report reinforced the higher-for-longer stance, prompting economists to shift forecasts and markets to price out easing entirely for the balance of the year. Key upcoming catalysts include July and September FOMC decisions plus fresh CPI and employment data that could test whether inflation persistence justifies further tightening or opens a narrow path for a single 25-basis-point move.
Polymarketデータを参照したAI生成の実験的な要約。これは取引アドバイスではなく、このマーケットの解決方法には一切関係ありません。 · 更新日Fed reaffirms steady rates at 3.5%-3.75%, no cuts in sight
Following the June meeting, the Fed's implementation note confirmed maintaining the interest rate paid on reserve balances and the federal funds rate target range. This reinforced market consensus that no rate cuts would occur in 2026.
Fed keeps rates steady at 3.5%-3.75% in first meeting under Chair Kevin Warsh
0 (0 bps) surges to 81%23%
The June 2026 FOMC meeting, the first under new Chair Kevin Warsh, resulted in maintaining the federal funds rate target range. The Fed signaled a possible rate hike later in the year, reflecting a hawkish pivot and diminishing expectations for rate cuts in 2026.
Federal Reserve maintains interest rate paid on reserve balances at 3.65%
0 (0 bps) jumps to 80%14%
The Federal Reserve announced on June 17, 2026, that it would keep the interest rate on reserve balances steady at 3.65%, effectively maintaining the federal funds rate target range unchanged. This decision reinforced the market's expectation of no rate cuts in 2026, reflected in the high price for zero cuts.
FOMC press conference with Chairman Warsh emphasizes steady policy
0 (0 bps) surges to 81%19%
At the June 17 press conference, Chairman Warsh underscored the Federal Reserve's commitment to its 2 percent inflation objective and steady monetary policy, reinforcing market expectations of no rate cuts in 2026.
Federal Reserve maintains federal funds rate at 3.5%-3.75% in June implementation note
0 (0 bps) rises to 81%1%
The Federal Reserve Board voted unanimously to maintain the interest rate paid on reserve balances at 3.65%, with the FOMC directing operations to keep the federal funds rate steady. This confirmed no rate cuts through mid-2026, solidifying market expectations of zero cuts for the year so far.
Fed holds rates steady at June 2026 meeting, reinforcing no cuts expectation
0 (0 bps) surges to 80%23%
At the June 16-17, 2026 FOMC meeting, the Federal Reserve maintained the federal funds rate target range at 3.50%-3.75%, reaffirming its commitment to steady monetary policy amid ongoing inflation concerns. Chairman Warsh emphasized the Fed's 2% inflation goal, reinforcing market expectations of no rate cuts in 2026.
Fed signals only one rate cut in 2026 amid economic uncertainty and inflation concerns
0 (0 bps) jumps to 80%10%
Following the June FOMC meeting, Fed projections indicated just one 25 bps rate cut for 2026, with inflation progress slower than expected and geopolitical risks influencing the cautious outlook. Market probabilities shifted strongly toward no cuts for the remainder of the year.
Federal Reserve holds interest rates steady at 3.50%–3.75% in first meeting chaired by Kevin Warsh
The Fed unanimously voted to maintain rates at 3.50%–3.75%, signaling a hawkish pivot with updated economic projections showing expectations for fewer rate cuts and possible hikes later in 2026 amid persistent inflation and geopolitical risks.
Federal Reserve Holds Rates Steady at 3.50%-3.75% in June Meeting, Signals Possible Rate Hike
0 (0 bps) jumps to 80%8%
In the first meeting under new Chair Kevin Warsh, the Fed unanimously held rates steady but removed the easing bias from its statement, signaling a potential rate increase later in 2026 amid rising inflation and geopolitical tensions. Market pricing for rate cuts dropped sharply, with near 99% probability of no change at this meeting.
Fed officials project only one 25 basis point rate cut in 2026 amid economic uncertainty
1 (25 bps) jumps to 19%11%
Fed projections released in mid-2026 indicated a median forecast of just one 25 basis point cut in 2026, reflecting slower progress on inflation and economic uncertainties including geopolitical risks. This led markets to sharply reduce expectations for multiple cuts in 2026.
Fed projects only one rate cut in 2026 amid economic uncertainty
0 (0 bps) jumps to 79%12%
Fed Chair Powell stated that progress on inflation will be slower than hoped, and the median projection showed just one 25 bps cut in 2026. Market expectations for cuts pulled back sharply, with probabilities for no cuts rising significantly after this announcement.
Federal Reserve projects only one rate cut in 2026 amid economic uncertainty
0 (0 bps) surges to 80%23%
The Fed's economic projections indicated only one 25bps cut in 2026, with inflation progress slower than expected and uncertainty from geopolitical risks. This led markets to sharply increase the probability of zero cuts and reduce odds of multiple cuts.
Philadelphia Fed President signals potential modest rate cut in late 2026
1 (25 bps) jumps to 22%5%
Philadelphia Fed President Anna Paulson indicated a conditional possibility of a modest additional rate cut in the second half of 2026, depending on economic performance. This statement influenced market speculation about a single cut rather than multiple cuts.
Goldman Sachs revises forecast, no Fed rate cuts expected in 2026
0 (0 bps) jumps to 77%7%
On June 7, 2026, Goldman Sachs economists announced they no longer expect any Federal Reserve rate cuts in 2026 due to a stronger-than-expected labor market, pushing expected cuts to 2027. This reflects a shift in market sentiment towards zero cuts for the year.
Goldman Sachs no longer expects Fed rate cuts in 2026 due to strong labor market
0 (0 bps) jumps to 79%9%
On June 7, 2026, Goldman Sachs economists revised their outlook, no longer expecting any Fed rate cuts in 2026, citing a stronger-than-expected labor market. This further solidified market pricing for zero cuts in 2026.
Goldman Sachs Revises Forecast, Expects No Fed Rate Cuts in 2026
0 (0 bps) jumps to 79%10%
On June 7, 2026, Goldman Sachs economists announced they no longer expect any Federal Reserve rate cuts in 2026 due to a stronger-than-expected labor market, pushing expected cuts to 2027. This announcement sharply reduced market expectations for rate cuts in 2026.
Federal Reserve projects only one rate cut in 2026 amid economic uncertainty
0 (0 bps) jumps to 79%9%
In early June 2026, the Fed's economic projections indicated only one 25 bps cut for the rest of the year, with inflation progress slower than hoped and geopolitical risks weighing. This led markets to sharply reduce odds of multiple cuts, pushing the zero cuts option price to near 80%.
Federal Reserve projects only one rate cut in 2026 amid economic uncertainty
1 (25 bps) drops to 3%7%
In June 2026, the Fed's economic projections indicated only one 25 basis point cut for the remainder of the year, reflecting slower progress on inflation and uncertainty from geopolitical risks like the Iran war. This led markets to sharply reduce expectations for multiple cuts in 2026.
Fed projects only one rate cut in 2026 amid economic uncertainty and inflation concerns
0 (0 bps) surges to 79%25%
In early June 2026, the Fed's summary of economic projections indicated a median forecast of just one 25 basis point cut for the year, reflecting slower-than-expected inflation progress and geopolitical uncertainties. Market expectations shifted strongly toward zero or one cut, reducing probabilities for multiple cuts.
BofA and Goldman Sachs push back Fed rate-cut expectations to late 2026 and 2027
0 (0 bps) surges to 70%33%
In May 2026, major banks revised their forecasts, delaying expected Fed rate cuts due to elevated inflation and a strong labor market. Goldman Sachs pushed back cuts to December 2026 and March 2027, while BofA expects no cuts in 2026, reflecting growing market skepticism about rate reductions this year.
Goldman Sachs delays expected Fed rate cuts to late 2026 and 2027
0 (0 bps) jumps to 70%14%
Goldman Sachs revised its forecast, no longer expecting any Fed rate cuts in 2026 due to a stronger labor market and elevated inflation risks, pushing expected cuts to December 2026 and beyond. This influenced market pricing toward zero cuts in 2026.
Fed rate cut hopes diminish amid surging inflation and geopolitical tensions
0 (0 bps) rises to 14%3%
Rising inflation expectations and geopolitical risks, including the US-Israeli war with Iran, led to increased concerns about persistent price pressures, reducing market optimism for rate cuts in 2026.
Rising inflation and geopolitical tensions dim hopes for Fed rate cuts in 2026
0 (0 bps) surges to 80%23%
By May 2026, surging inflation expectations and supply chain pressures linked to the Iran war led to increased skepticism about Fed rate cuts. Internal Fed dissent against easing and rising commodity prices pushed markets to sharply lower the probability of any cuts in 2026.
Federal Reserve rate cut hopes diminish amid surging inflation and geopolitical risks
0 (0 bps) dips to 14%4%
Rising inflation expectations and the economic impact of the US-Iran conflict led to growing skepticism about rate cuts in 2026. Fed officials showed internal dissent against easing bias, and market indicators reflected increased inflation concerns, pushing probabilities toward zero cuts.
FOMC statement maintains federal funds rate, signals cautious outlook
0 (0 bps) jumps to 40%9%
On April 29, 2026, the FOMC decided to keep the target range for the federal funds rate unchanged at 3.5% to 3.75%, noting economic activity expanding at a solid pace but acknowledging uncertainty from geopolitical developments. Market expectations for rate cuts in 2026 remained low following this statement.
Federal Reserve maintains federal funds rate target range at 3.5% to 3.75% in April statement
0 (0 bps) rises to 41%2%
The Federal Open Market Committee decided to keep the target range for the federal funds rate unchanged, citing solid economic activity and stable labor market conditions. This decision further diminished market expectations for rate cuts in 2026, reflected in rising probabilities for zero cuts.
Federal Reserve keeps rates unchanged in April FOMC statement amid inflation concerns
0 (0 bps) surges to 69%30%
The April 29, 2026 FOMC statement reiterated the decision to maintain the federal funds rate at 3.5% to 3.75%, noting solid economic activity and elevated inflation partly due to global energy prices. The Committee remained cautious, with some dissenters opposing an easing bias, reinforcing market confidence in no rate cuts for 2026.
FOMC minutes reveal delayed expectations for rate cuts
The April 2026 FOMC minutes indicated that while the median forecast still included two 25 basis point rate cuts over the next year, these cuts were expected later in 2026, reflecting ongoing inflation and geopolitical uncertainties. The Fed maintained rates at 3.50% to 3.75%.
Federal Reserve implements policy to maintain federal funds rate at 3.5%-3.75%
0 (0 bps) drops to 31%9%
Following the April FOMC meeting, the Federal Reserve directed the Open Market Desk to undertake operations to maintain the federal funds rate target range, reinforcing the no-cut stance and supporting market pricing of zero rate cuts in 2026.
Fed holds rates steady at 3.50%-3.75% amid inflation and geopolitical uncertainty
In April 2026, the Fed maintained the federal funds rate at 3.50%-3.75%, with a rare four dissenters opposing the easing bias language in the statement. Inflation remained elevated due to energy prices and geopolitical tensions, leading to cautious policy stance and delayed rate cuts.
Federal Reserve Maintains Interest Rates Amid Persistent Inflation and Geopolitical Uncertainty
0 (0 bps) surges to 48%17%
At the April meeting, the Fed again held rates steady at 3.5% to 3.75%, citing elevated inflation and uncertainty from rising energy prices linked to the Middle East conflict. The decision was not unanimous, with several dissenters favoring a rate cut, but the majority remained cautious about easing policy while inflation remains above target.
Federal Reserve holds rates steady at April 2026 meeting amid inflation and oil price pressures
0 (0 bps) rises to 35%2%
The Fed maintained the federal funds rate at 3.5%-3.75% during the April meeting, with officials emphasizing caution due to inflation near 4.7% and oil price shocks from Iran tensions. This reinforced market expectations of no rate cuts in the near term.
Federal Reserve Holds Interest Rates Steady at April Meeting Amid Inflation Concerns
0 (0 bps) jumps to 57%14%
The Fed voted 8-4 to keep rates steady at 3.50%-3.75%, reflecting internal divisions but a cautious stance due to elevated inflation and economic uncertainty. This decision reinforced market expectations for no rate cuts in the near term.
FOMC April 2026 meeting ends with unanimous vote to hold rates steady
0 (0 bps) surges to 41%16%
The Fed voted unanimously to maintain the federal funds rate at 3.50%-3.75% in April 2026, with four dissenters opposing an easing bias. The statement highlighted inflation risks and geopolitical uncertainty, reinforcing market pricing of zero cuts in 2026.
Federal Reserve meeting expected to hold rates amid inflation and geopolitical risks
Ahead of the April 28-29, 2026 meeting, markets widely expected the Fed to keep rates steady due to inflation near 4.7% and oil price pressures from Iran tensions. This cautious stance reinforced market views that rate cuts in 2026 would be limited or delayed.
Federal Reserve keeps federal funds rate steady at 3.5%-3.75% in April meeting
On April 28-29, 2026, the Federal Reserve again maintained the federal funds rate target range at 3.5% to 3.75%, signaling no immediate rate cuts. The Fed noted that market participants expected little change in rates for the year, with some anticipation of rate cuts later in 2026 or early 2027, reflecting a cautious outlook amid moderate economic conditions.
Unusually divided Federal Reserve holds rates steady as four members dissent
0 (0 bps) surges to 58%24%
The Fed kept its benchmark rate unchanged for the third consecutive meeting, but the decision saw a rare four dissents, with some members objecting to the inclusion of an easing bias in the statement.
Fed holds rates steady amid dissent in April FOMC meeting
0 (0 bps) surges to 58%19%
The Federal Reserve voted 8-4 to maintain the federal funds rate at 3.50%-3.75%, with some dissenters favoring a 25 basis point cut. The decision and cautious language reduced market expectations for imminent rate cuts, supporting a no-change outlook for June.
FOMC minutes reiterate steady federal funds rate target range
0 (0 bps) jumps to 28%12%
On April 28-29, 2026, the FOMC again voted unanimously to maintain the federal funds rate target range at 3.5% to 3.75%, with no rate cuts. Market surveys indicated expectations of possible rate cuts later in 2026, but none were implemented by this date.
FOMC meeting results show no rate change, dissent among policymakers
0 (0 bps) surges to 77%39%
The April 29, 2026 FOMC meeting resulted in a decision to keep rates steady at 3.5%-3.75%, with four dissenters favoring cuts. The minutes indicated market expectations for rate cuts shifted later in the year, with no immediate easing, reflecting ongoing inflation and geopolitical uncertainties.
FOMC minutes confirm no change in federal funds rate in March meeting
0 (0 bps) jumps to 23%6%
The FOMC minutes from March 17-18, 2026, show the Committee voted unanimously to maintain the federal funds rate target range at 3.5% to 3.75%, continuing the steady policy stance and signaling no rate cuts in early 2026.
Federal Reserve maintains rates at March FOMC meeting
The Fed kept the federal funds rate unchanged at 3.50% to 3.75% during the March 2026 meeting, emphasizing the need for more data before considering rate cuts. Inflation remained above target, and the labor market showed strength, leading to a cautious policy stance.
Federal Reserve maintains federal funds rate at 3.5%-3.75% citing inflation uncertainty
0 (0 bps) jumps to 23%14%
The March 18 FOMC meeting resulted in the Fed maintaining the target range for the federal funds rate, highlighting ongoing inflation uncertainty and energy price volatility. This reinforced market expectations of limited or delayed rate cuts in 2026.
FOMC minutes confirm decision to hold rates steady at 3.5% to 3.75%
0 (0 bps) jumps to 18%7%
The March 17-18 FOMC meeting minutes confirmed the Committee's unanimous decision to maintain the federal funds rate target range unchanged, reinforcing the market view that no rate cuts would occur in early 2026. This contributed to a rise in the market price for zero rate cuts.
FOMC holds rates steady at 3.5%-3.75% amid inflation uncertainty
0 (0 bps) surges to 23%16%
At the March 2026 FOMC meeting, the Fed maintained the federal funds rate target range at 3.5%-3.75%, citing ongoing inflation uncertainty and energy price volatility. This decision reinforced market expectations of limited or delayed rate cuts in 2026.
Federal Reserve keeps rates unchanged at 3.50%-3.75% in March 2026 meeting
The Fed maintained the federal funds rate at 3.50%-3.75% during the March 2026 FOMC meeting, continuing a cautious approach amid persistent inflation and economic uncertainty, dampening expectations for near-term cuts.
Federal Reserve keeps rates steady at 3.5%–3.75% amid cautious optimism
0 (0 bps) jumps to 17%10%
The FOMC maintained the federal funds rate target range unchanged, reflecting a cautious approach as the Fed awaited clearer signals on inflation and labor market conditions. Market expectations for cuts remained low following this decision.
Federal Reserve Holds Rates Steady at March FOMC Meeting
0 (0 bps) jumps to 24%7%
The Fed kept interest rates unchanged at 3.50%-3.75%, with market consensus showing a 94% probability of no change. Chair Powell emphasized a data-dependent approach and signaled no immediate rate cuts, which tempered market expectations for easing in 2026.
FOMC holds rates steady amid inflation and geopolitical uncertainty
0 (0 bps) rises to 10%4%
The Fed maintained rates at 3.5%-3.75% with a 92%+ probability of no change. The meeting included updated economic projections factoring in Iran conflict and tariffs. Market expectations for cuts weakened as the Fed adopted a data-dependent stance.
Fed keeps rates unchanged at 3.50%-3.75%, signals cautious outlook
1 (25 bps) rises to 17%1%
On March 18, 2026, the Federal Reserve held the federal funds rate steady at 3.50%-3.75%, citing inflation uncertainty and energy prices. The Summary of Economic Projections continued to show a median forecast of one rate cut in 2026, maintaining market expectations for limited easing.
Fed maintains rates at 3.5%-3.75%, emphasizes data-driven approach amid global uncertainties
0 (0 bps) rises to 13%3%
At the March FOMC meeting, the Fed kept rates steady, highlighting inflation uncertainty and geopolitical risks, including Middle East tensions. The unanimous vote to hold rates reinforced market expectations of no immediate cuts, with the Fed emphasizing careful assessment of incoming data before any policy changes.
Fed officials project only one rate cut in 2026 amid policy divisions
1 (25 bps) plunges to 14%16%
Fed policymakers showed a divided outlook but generally projected only one 25 basis point cut in 2026, reflecting uncertainty and caution. This official guidance influenced market pricing toward fewer cuts.
Federal Reserve holds rates steady, signals one cut ahead in 2026
1 (25 bps) rises to 14%2%
The Fed kept rates unchanged at 3.5%-3.75% in March 2026, citing persistent inflation and economic uncertainty including geopolitical risks. The updated projections showed only one quarter-point cut expected in 2026, maintaining a cautious outlook amid mixed economic signals.
Federal Reserve maintains rates steady amid elevated inflation and labor market softness
0 (0 bps) dips to 6%1%
The Fed held the federal funds rate at 3.50%-3.75%, noting economic activity expanding at a solid pace but inflation remaining somewhat elevated. The statement highlighted downside risks to employment and uncertainty about the economic outlook, with one dissenting vote favoring a 25 basis point cut. This further dampened market expectations for multiple cuts in 2026.
FOMC holds rates steady, Powell press conference influences market expectations
1 (25 bps) jumps to 18%9%
The Fed maintained rates at 3.5%-3.75% during the March 2026 meeting, with Chair Powell's cautious language leading markets to expect rate cuts only in the second half of the year, if at all.
Fed keeps rates unchanged at 3.5%-3.75%, signals cautious stance
0 (0 bps) jumps to 21%14%
The March 2026 FOMC statement reiterated the decision to maintain the federal funds rate target range, emphasizing careful assessment of incoming data amid global uncertainties. The Fed's cautious stance reinforced market expectations of no immediate rate cuts.
Federal Reserve holds interest rates steady amid inflation and geopolitical uncertainty
0 (0 bps) jumps to 23%5%
The Fed maintained rates at 3.50%–3.75% during the March FOMC meeting, citing a softening labor market and elevated inflation. The decision reflected caution amid ongoing geopolitical tensions and economic uncertainty, with one dissenting vote for a cut.
Fed holds rates steady at 3.5%-3.75% amid inflation and geopolitical concerns
0 (0 bps) jumps to 30%12%
At the March FOMC meeting, the Fed decided to keep rates unchanged, citing ongoing inflation above target and geopolitical tensions, particularly the US-Iran conflict, which raised energy prices and inflation risks. This decision dampened market expectations for immediate rate cuts in 2026.
Fed keeps rates unchanged amid inflation and geopolitical uncertainty
0 (0 bps) jumps to 27%8%
On March 18, 2026, the Federal Reserve held the federal funds rate steady at 3.50%-3.75%, citing persistent inflation above target and uncertainty from the Iran war. The Summary of Economic Projections indicated only one 25 basis point cut expected in 2026, leading markets to reduce expectations for multiple cuts.
Fed projects only one rate cut in 2026 amid economic uncertainty
1 (25 bps) jumps to 19%7%
The Federal Reserve's summary of economic projections indicated a median forecast of just one 25 basis point cut in 2026, reflecting slower-than-expected progress on inflation and ongoing economic uncertainties, which led markets to reduce expectations for multiple cuts.
Fed official signals interest rates could remain steady for a long time
0 (0 bps) dips to 7%1%
On February 10, 2026, Cleveland Fed President Beth Hammack stated that the Fed sees no urgent need to change interest rates this year, supporting the January decision to hold rates steady. This reinforced market expectations of limited or no rate cuts in 2026 amid cautious optimism about the economy.
Fed Official Beth Hammack Signals Interest Rates Could Remain Steady for Long Time
0 (0 bps) rises to 8%2%
Cleveland Fed President Beth Hammack stated that the current monetary policy is appropriate and that interest rates could remain unchanged for an extended period. This reinforced market expectations of no imminent rate cuts in early 2026 amid cautious optimism about the economy.
Fed signals only one rate cut in 2026 amid slower inflation progress and economic uncertainty
1 (25 bps) dips to 14%4%
In February 2026, Fed Chair Jerome Powell and the FOMC projected just one 25 bps rate cut for the year, citing slower-than-expected inflation progress and uncertainty from geopolitical risks like the Iran war. This tempered market expectations, reducing the probability of multiple cuts.
Fed Governor Christopher Waller dissents favoring 25 bps cut at January FOMC
0 (0 bps) rises to 5%2%
Governor Christopher Waller dissented at the January 2026 FOMC meeting, advocating a 25 basis point rate cut due to concerns about labor market weakness and the need for further easing. His dissent highlighted internal Fed debate but did not change the overall decision to hold rates.
Fed Governor Waller dissents, calls for 25 bps rate cut amid labor market weakness
0 (0 bps) rises to 9%2%
Governor Christopher J. Waller dissented at the recent FOMC meeting, advocating for a 25 basis point cut due to a fragile labor market and economic data indicating the need for further easing. Despite his stance, the Fed did not cut rates, maintaining market uncertainty about future cuts.
Fed Governor Waller advocates for rate cut amid weak labor market
Governor Christopher J. Waller dissented at the January FOMC meeting, arguing that a 25 basis point rate cut was appropriate due to labor market weakness and economic data. Despite his stance, the Fed did not cut rates, maintaining a cautious approach that kept market expectations for cuts moderate.
Federal Reserve pauses rate cuts, holding rates steady at 3.5%-3.75%
0 (0 bps) jumps to 16%13%
The Fed paused its rate-cutting campaign after three consecutive cuts, signaling a shift to a neutral stance amid solid economic expansion and persistent inflation. This decision reinforced market expectations for fewer or no cuts in 2026.
Federal Reserve signals pause on rate cuts after three consecutive reductions
0 (0 bps) rises to 10%3%
Following the January meeting, Fed Chair Jerome Powell indicated the rate-cutting campaign was paused, describing policy as close to neutral. This cautious stance led markets to reduce expectations for further cuts in 2026, with the Fed emphasizing data dependency amid persistent inflation and a fragile labor market.
Federal Reserve holds interest rates steady, pausing rate cuts
0 (0 bps) jumps to 8%5%
The Fed decided to keep rates unchanged at 3.5%-3.75%, ending a streak of three consecutive cuts. Chair Powell indicated the policy stance is now neutral, causing markets to reduce expectations for further cuts in 2026, increasing the probability of zero cuts.
Fed signals pause on rate cuts, emphasizing neutral policy stance
The Fed paused its rate-cutting campaign in late January 2026, holding rates steady at 3.5%-3.75%. Chair Powell described the policy stance as close to neutral, signaling a watchful waiting approach amid ongoing inflation and labor market concerns. This reinforced market expectations of no immediate cuts.
Federal Reserve holds rates steady, signaling pause in rate cuts
0 (0 bps) rises to 7%4%
At the January 2026 meeting, the Fed held rates steady at 3.5%-3.75%, ending a streak of three consecutive cuts. Chair Powell described the policy as close to neutral, with the Fed adopting a cautious stance amid elevated inflation and a softening labor market, signaling no immediate further cuts.
Federal Reserve maintains federal funds rate at 3.5%-3.75% in January meeting
0 (0 bps) rises to 7%4%
The Federal Reserve Board of Governors voted unanimously to keep the interest rate paid on reserve balances at 3.65%, maintaining the target range for the federal funds rate at 3.5% to 3.75%. This decision signaled no rate cuts at the start of 2026, influencing market expectations accordingly.
FOMC minutes reveal divided views on inflation and rate cuts
0 (0 bps) rises to 6%3%
Minutes from the January 27-28, 2026 FOMC meeting showed concern about persistent inflation and a divided committee, with some members preferring further cuts while others awaited more data. The Fed held rates steady at 3.5%-3.75%, reflecting uncertainty about the timing of future cuts and inflation risks.
Fed holds rates steady at 3.50%-3.75% in January meeting
1 (25 bps) dips to 9%2%
At the January 28, 2026 FOMC meeting, the Federal Reserve maintained the federal funds rate target range at 3.50%-3.75%, continuing its cautious approach amid solid economic growth and persistent inflation. This reinforced the market view of limited rate cuts in 2026.
FOMC January 2026 meeting holds rates steady amid inflation and cooling job market
The Fed held rates steady at 3.50%-3.75% in January 2026, signaling a pause after the 2025 cuts. Market participants closely watched for signals on future cuts, but the Fed emphasized data dependency and uncertainty.
Fed holds rates steady at 3.50%-3.75% in January 2026 meeting
At its January 28, 2026 meeting, the Federal Reserve decided to maintain the federal funds rate target range at 3.50%-3.75%, following three cuts in late 2025. The Fed emphasized the need to assess incoming data carefully before making further adjustments, signaling a cautious approach to rate cuts in 2026.
Federal Reserve holds rates steady amid inflation concerns
At the January 2026 FOMC meeting, the Fed decided to maintain the federal funds rate at 3.50% to 3.75%, despite calls from two members for a 25 basis point cut. The decision reflected a cautious approach balancing solid economic growth with persistent inflation above the 2% target.
Federal Reserve Holds Interest Rates Steady at 3.50%-3.75% in January Meeting
The Fed maintained the federal funds rate at 3.50%-3.75% after three consecutive cuts in late 2025, citing solid economic activity and elevated inflation. Two dissenting members preferred a 25 basis point cut, but the majority favored holding rates steady, signaling a cautious pause in rate adjustments.
FOMC maintains federal funds rate target range at 3.5% to 3.75%
0 (0 bps) rises to 7%4%
The Federal Reserve announced no change to the target range for the federal funds rate, maintaining the rate steady and signaling no immediate cuts. This decision supported market pricing of fewer rate cuts in 2026.
Fed Vice Chair Bowman highlights fragile labor market and inflation progress
0 (0 bps) rises to 7%4%
Vice Chair Bowman emphasized the economy's growth and inflation nearing target but warned of labor market fragility, suggesting cautious monetary policy without immediate rate cuts. This reinforced market expectations for limited or no rate cuts in 2026.
Federal Reserve cuts interest rates by 25 basis points in December 2025
1 (25 bps) dips to 7%4%
The Fed announced a 25 bps rate cut in December 2025, marking the third consecutive cut after prior reductions in September and November. This final 2025 cut reflected concerns over slowing job growth and inflation pressures, setting the stage for market expectations of limited cuts in 2026.
Federal Reserve projects only one rate cut in 2026 amid economic uncertainty
1 (25 bps) drops to 22%14%
The Fed's December 2025 Summary of Economic Projections showed a median forecast of just one 25 basis point cut in 2026, reflecting slower progress on inflation and economic uncertainty. This led markets to reduce expectations for multiple cuts.
Federal Reserve cuts benchmark interest rate by 25 basis points
1 (25 bps) drops to 14%12%
The Federal Reserve lowered the federal funds rate by 0.25 percentage points to 3.50%-3.75%, marking the third consecutive cut since September 2025. This move was intended to support economic growth amid a slowing labor market and elevated inflation, signaling expectations for only one additional cut in 2026. The market reacted with increased probability for fewer cuts in 2026.
Federal Reserve cuts target range for federal funds rate by 25 basis points
0 (0 bps) drops to 8%13%
On December 10, 2025, the Fed lowered the target range for the federal funds rate by 25 basis points to 3.5% to 3.75%, marking part of a series of cuts aimed at supporting the labor market while managing inflation risks. This action reflected concerns about slowing job gains and elevated inflation, influencing market expectations for further cuts.
Federal Reserve cuts rates for third time in 2025, signals cautious outlook for 2026
1 (25 bps) drops to 21%5%
The Fed cut rates by 25 basis points in December 2025, marking the third cut that year, but policymakers showed division on future cuts amid inflation concerns and labor market weakness. This set early expectations for limited rate cuts in 2026.
Federal Reserve cuts interest rates by 25 basis points for third consecutive time in 2025
0 (0 bps) plunges to 3%33%
The Fed cut rates to 3.50%–3.75%, the lowest since 2022, amid mixed economic signals and a softening labor market. The decision was not unanimous, with some officials dissenting. The Fed signaled a cautious approach to future cuts, projecting only one cut in 2026.
Federal Reserve cuts rates but signals likely pause and projects only one cut in 2026
0 (0 bps) rises to 5%3%
The Federal Reserve delivered a 25-basis-point rate cut but issued new economic projections showing that the median policymaker expects only one quarter-point reduction in 2026, prompting markets to scale back expectations of aggressive easing.
Federal Reserve cuts rates by 25 bps, signals cautious outlook for 2026
1 (25 bps) dips to 23%3%
The Fed cut the federal funds rate by 25 basis points to 3.5%-3.75% in December 2025, marking the third cut that year. Policymakers projected only one 25 bps cut in 2026 amid inflation remaining above target and economic uncertainty, including geopolitical risks. This tempered market expectations for multiple cuts in 2026.
Federal Reserve cuts rates by 25 basis points at December 2025 meeting
3 (75 bps) plunges to 23%15%
The Fed delivered its third consecutive 25-basis point rate cut, lowering the federal funds rate to 3.5%-3.75%. This cut ended 2025 with easing momentum, but uncertainty remained due to missing inflation and jobs data caused by a government shutdown. This event initially supported expectations for further cuts in 2026.
Federal Reserve cuts rates for third consecutive meeting to 3.5%-3.75%
In December 2025, the Fed made a third consecutive 25 basis point cut, lowering rates to 3.5%-3.75%. This decision was amid moderate economic expansion but rising inflation and unemployment risks. The move was not unanimous, reflecting some division within the Fed on the pace of cuts.
Fed cuts interest rates by 25 basis points in December 2025
The Federal Reserve cut its benchmark interest rate by 25 basis points on December 10, 2025, marking the third rate reduction of the year. This move was intended to support the economy amid mixed inflation and labor market signals, but the Fed signaled a pause on further cuts until clearer data emerged, tempering expectations for multiple cuts in 2026.
Federal Reserve delivers third consecutive 25bps rate cut in December 2025
The Fed cut the federal funds rate by 25 basis points to 3.50%-3.75%, marking the third cut in 2025. This move was supported by most officials but faced dissent from some members favoring either a larger cut or no change. The cut aimed to support a softening labor market amid persistent inflation.
Fed cuts federal funds rate by 25 basis points to 3.5%-3.75%
The Federal Reserve lowered the target range for the federal funds rate by 25 basis points in December 2025, signaling a cautious easing to support economic activity and stabilize labor market conditions. This cut set the stage for market expectations of potential further cuts in 2026.
Federal Reserve holds rates steady amid economic uncertainty and inflation concerns
0 (0 bps) rises to 5%2%
The Fed left rates unchanged at 3.5% to 3.75% in December 2025, signaling caution due to inflation remaining above target and uncertainty from geopolitical risks. This pause tempered market expectations for multiple rate cuts in 2026.
Federal Reserve cuts federal funds rate by 25 basis points
1 (25 bps) drops to 14%12%
The Federal Reserve lowered its benchmark interest rate by 0.25 percentage points to 3.50%-3.75%, marking the third consecutive reduction in 2025. The Fed signaled one additional rate cut projected for 2026, reflecting concerns over a slowing labor market and elevated inflation.
Federal Reserve cuts interest rates by 25 basis points
The Fed lowered the federal funds rate by 0.25 percentage points to 3.50%–3.75% in December 2025, marking the third consecutive cut amid slowing job gains and elevated inflation. This move set the stage for market expectations of potential further cuts in 2026, though the Fed emphasized caution and data dependency.
Federal Reserve cuts rates for third consecutive time, signals pause
3 (75 bps) dips to 21%2%
In December 2025, the Fed cut rates by another 25 bps to 3.5%-3.75%, the third consecutive cut, but signaled a pause and highlighted uncertainty due to incomplete economic data and internal divisions, tempering expectations for aggressive cuts in 2026.
Federal Reserve cuts interest rates for the third time in 2025 to 3.5%-3.75%
1 (25 bps) rises to 14%4%
The Fed cut rates by 25bps for the third time in 2025, lowering borrowing costs amid moderate economic expansion and inflation above target. This reinforced market expectations for limited rate cuts in 2026, with some dissent among Fed members reflecting uncertainty.
Federal Reserve cuts rates by 25 bps in December 2025, final cut of the year
1 (25 bps) rises to 11%4%
The Fed announced a 25-basis-point cut in December 2025, the third consecutive reduction following earlier cuts in September and November. This move aimed to support economic activity amid slowing job growth and inflation pressures, reinforcing market expectations for limited cuts in 2026.
Federal Reserve cuts interest rates for the third time in 2025
5 (125 bps) plunges to 10%26%
In early December 2025, the Fed cut rates by 25 basis points again to a range of 3.5%-3.75%, marking the third cut that year. This move was aimed at supporting a slowing labor market and moderating inflation, reinforcing expectations for limited cuts in 2026.
Federal Reserve cuts interest rates for the third time in 2025 to 3.5%-3.75%
2 (50 bps) dips to 23%2%
The Fed cut rates by 25 bps in December 2025, marking the third cut that year, aiming to support a slowing economy and a flagging job market. This reinforced market expectations for some easing but also highlighted internal Fed divisions and uncertainty about future cuts in 2026.
Federal Reserve announces second 25 bps rate cut of 2025
2 (50 bps) drops to 25%11%
The Fed lowered interest rates by 25 basis points to a range of 4.0–4.25%, marking the second cut of the year. This move initially supported expectations for further cuts, influencing market pricing for 2026 rate cuts.
Federal Reserve cuts interest rates by 25 basis points
2 (50 bps) drops to 20%6%
On October 29, 2025, the Fed cut rates by 25 bps, signaling the start of an easing cycle amid easing inflation but with ongoing economic uncertainty. This was the second consecutive cut, raising expectations for possible further cuts in 2026.
Federal Reserve delivers second consecutive 25 basis point rate cut
4 (100 bps) plunges to 11%25%
The Fed cut rates by another 25 basis points in late October 2025, lowering the federal funds rate to 3.75%-4.00%. This confirmed the easing cycle and raised expectations for further cuts, influencing market pricing for 2026 rate cuts.
Federal Reserve lowers interest rates by 25 bps in second cut of the year
2 (50 bps) drops to 20%6%
The Fed announced a second 25 basis point rate cut in 2025, lowering the federal funds rate to 3.75–4.0%. This reinforced market expectations for further easing, including potential cuts in 2026.
Federal Reserve cuts interest rate by 25 basis points to 3.75%-4.00%
On October 29, 2025, the Federal Reserve cut its benchmark interest rate by 25 basis points to a target range of 3.75% to 4.00%, aiming to support economic growth and the labor market amid slowing job gains and elevated inflation.
Federal Reserve cuts key benchmark interest rates by 25 basis points in October
2 (50 bps) plunges to 16%20%
The Fed reduced rates by another 25 bps to 3.75%–4.00%, the second consecutive cut in 2025, reflecting concerns about inflation and labor market conditions. Market expectations for further cuts increased but with some dissent among officials.
Federal Reserve cuts rates by 25bps to 3.75%-4.00%, signaling easing cycle
5 (125 bps) plunges to 7%29%
The Fed cut rates by another 25 basis points in October 2025, lowering the federal funds rate to the lowest level since late 2022. This second consecutive cut confirmed the start of an easing cycle, with the Fed aiming to balance inflation control and economic growth amid ongoing uncertainty.
Federal Reserve announces 25 basis point rate cut amid economic pressures
In September 2025, the Fed cut rates by 25 basis points, the first reduction in some time, signaling a positive but cautious direction for inflation and borrowing costs. This move raised market hopes for further cuts in 2026, influencing derivative hedging demand and rate-sensitive sectors.
Federal Reserve cuts interest rates by 25 basis points amid easing inflation
2 (50 bps) plunges to 20%16%
The Fed cut rates by 25 basis points to a range of 3.75% to 4.00%, marking the start of an easing cycle as inflation showed signs of abating. This move was seen as a cautious step to balance inflation control with economic support, influencing market expectations for future cuts.

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