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Fed Holds Rates, Dissenters Urge Future Hikes; PIMCO Cuts Outlook

5/11/2026

26 2 Full Breakdown

Summary

Fed Holds Rates

The Federal Reserve (Fed) kept its rate at 3.50%-3.75% on April 29 with an 8-4 vote, while four presidents dissented and urged language that keeps hikes on the table.
PIMCO cut its outlook to two rate cuts in 2026, down from four, both slated for the fourth quarter.
About 67% of participants now expect rates to hold through 2026, down from a consensus of multiple cuts.

Summary

Treasury Seizes

U.S. Treasury seized $500 million in crypto assets tied to Iran’s Islamic Revolutionary Guard Corps in early May.
Boston Federal Reserve (Fed) President Susan Collins said rates will stay steady despite rising inflation on May 7.
Fed Chair Jerome Powell cited risk from the Iran conflict in X posts on April 21 and May 8.
Bitcoin rose 2.6% to $80,139 on May 4, leading analysts to warn its price could fall 25-30% to $56,000-$60,000.

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Fed Holds Rates

The Federal Reserve (Fed) kept its rate at 3.50%-3.75% on April 29 with an 8-4 vote, while four presidents dissented and urged language that keeps hikes on the table.
PIMCO cut its outlook to two rate cuts in 2026, down from four, both slated for the fourth quarter.
About 67% of participants now expect rates to hold through 2026, down from a consensus of multiple cuts.

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