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Fed Holds Rates Steady Amid Inflation and Labor Concerns

3/25/2026

Summary

Story summary

The Federal Reserve keeps its policy rate unchanged as gas prices rise from the war in Iran, fueling inflation concerns.
Fed officials warn that inflation may rise while the labor market remains fragile.
The Federal Reserve's benchmark rate remains between 3.5% and 3.75%.
Governor Stephen Miran advocates rate cuts to support the softening job market.
Nevertheless, rate hikes remain unlikely near term as the Fed monitors inflation and employment data.

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Story summary

The Federal Reserve keeps its policy rate unchanged as gas prices rise from the war in Iran, fueling inflation concerns.
Fed officials warn that inflation may rise while the labor market remains fragile.
The Federal Reserve's benchmark rate remains between 3.5% and 3.75%.
Governor Stephen Miran advocates rate cuts to support the softening job market.
Nevertheless, rate hikes remain unlikely near term as the Fed monitors inflation and employment data.