Federal Reserve Holds Interest Rates Steady at 3.5-3.75%

The Federal Reserve held its benchmark interest rate unchanged on Wednesday, with the Federal Open Market Committee voting to keep the federal funds rate in a target range of 3.5% to 3.75% amid elevated inflation and growing global uncertainty. Key Takeaways: The Fed voted 8-4 on April 29, 2026, to hold the federal funds rate []