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    • US Fed holds rates unchanged at a range between 3.50% and 3.75%

    By on March 19, 2026

    The US Federal Reserve kept interest rates unchanged Wednesday as expected, in defiance of President Donald Trump as the world’s largest economy battles stubborn inflation, weak labor demand and an “uncertain” economic outlook due to the war in Iran.

    The Fed’s 11-1 vote kept rates steady at a range between 3.50 percent and 3.75 percent, with officials flagging one expected rate cut by the end of the year.

    “The implications of developments in the Middle East for the US economy are uncertain,” the Fed said in a statement.

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