US Fed Holds Interest Rates Steady at 3.5%-3.75%, Powell Expects Inflation to Ease Soon

Published: Apr 30, 2026 12:00

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The US Fed kept the benchmark interest rate unchanged at 3.5%-3.75%, in line with market expectations, marking the third consecutive decision this year to hold rates steady. Fed Chairman Powell stated that tariff-driven inflation is expected to pull back over the next two quarters.

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