The Federal Reserve (the central bank of the United States) kept its key interest rate unchanged as the Board of Governors fixed the overnight benchmark rate in the 3.50-3.75% range at its first meeting in 2026.
“While the unemployment rate showed some signs of stabilization, employment growth remained weak,” the U.S. central bank said in a statement, noting that the decision to fix rates was rejected by two members who supported a 25 basis point (bp) cut, while 10 members supported it.
It is worth noting that the US central bank ended 2025 with its third interest rate cut at its last meeting in December last year.
The Federal Reserve (America’s central bank) kept its key interest rate unchanged as its board held the overnight benchmark rate in the 3.50-3.75% range at its first meeting of 2026.
“The unemployment rate is showing signs of stabilization, but job growth remains low,” the central bank said in a statement, noting that the decision to keep interest rates unchanged was supported by 10 members, but two members opposed and wanted a 25 basis point cut.
It is worth mentioning that the US central bank ended 2025 with a decision to cut interest rates for the third time at its last meeting in December.
