Key takeaways from Fed decision to hold rates steady (opens original article in a new tab)

The Federal Reserve decided to keep its benchmark interest rate unchanged while updating inflation and rate projection forecasts for 2026 and 2027.

• Federal Reserve holds benchmark interest rate steady at 3.5%-3.75%
• Median rate forecast for 2026 rises to 3.75% from 3.4% in March
• Core inflation projected at 3.3% by end of 2026, up from 2.7% forecast in March