#FOMC

The Federal Reserve held interest rates steady but reduced its forecast for 2026 rate cuts, signaling a "higher for longer" stance. Here's what Jerome Powell said and what it means for your portfolio.

The U.S. Federal Reserve held interest rates steady at 5.5-5.75% and signaled fewer rate cuts in 2026. Chair Powell pushed back against market expectations, causing stocks to fall.

The U.S. Federal Reserve holds interest rates at 5.25%-5.50% for the fourth straight meeting. Officials project three rate cuts in 2026 but emphasize the need for more confidence in falling inflation.

Incoming 2026 FOMC voter Beth Hammack says interest rates need to stay on hold, casting doubt on recent soft CPI data. Her view creates a major policy rift with Fed Governor Chris Waller, signaling future uncertainty.