Weekly Review- 25/03/2026
The Federal Reserve left its federal funds target range unchanged at 3.50%–3.75% at its March policy meeting, marking a second consecutive hold. The decision was near-unanimous, with eleven members voting to maintain rates and one in favour of a cut. The updated Summary of Economic Projections retained a median expectation of one rate cut in 2026, while forecasts for both inflation and GDP growth were revised higher. In his post-meeting press conference, Chair Jerome Powell highlighted elevated uncertainty around the economic outlook, pointing to geopolitical developments in the Middle East and the risk of an energy shock as key risks to inflation expectations.
