March 19, 2026 10:49 AM
US Fed keeps benchmark rate unchanged at 3.5%-3.75%
The US Federal Reserve has decided to keept its benchmark federal funds rate unchanged at 3.5%-3.75%. According to an official press release on Wednesday, the Fed said, "Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has been little changed in recent months. Inflation remains somewhat elevated." The central bank reiterated its dual mandate to achieve maximum employment and inflation at 2% over the l...