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Fed Holds Rates at 3.50% to 3.75% as Four Officials Dissent

Wednesday, April 29, 2026 · Finance · GSM News

On April 29, 2026, at Federal Reserve headquarters in Washington, D.C., the Federal Open Market Committee (FOMC), following its April 28-29 meeting, announced that it would maintain the target range for the federal funds rate at 3.50 to 3.75 percent.

The decision passed 8 to 4. Of the four dissenters, Stephen I. Miran preferred to lower the target range by a quarter percentage point at this meeting, while Beth M. Hammack, Neel Kashkari and Lorie K. Logan supported maintaining the range but did not support including an easing bias in the statement. Voting in favor were eight officials including Chair Jerome H. Powell and Vice Chair John C. Williams.

In its implementation decisions, the Board voted unanimously to maintain the interest rate on reserve balances at 3.65 percent and the primary credit rate at 3.75 percent, both effective April 30, with open market operations conducted to keep the funds rate within the target range.

Related: 美联储维持利率3.50%至3.75%不变,11比1通过,通胀预测上调至2.7%

Source: Federal Reserve

Published by GSM · USA (original Chinese edition)

Photo: 图:位于美国华盛顿的美联储埃克尔斯大楼正面(资料照片)。美联储,公共领域,经 Wikimedia Commons;联邦固定图库。 / Photo: The front of the Eccles Building, headquarters of the Federal Reserve, in Washington, D.C. (file photo). Photo by the Federal Reserve, public domain, via Wikimedia Commons; federal fixed image library.

Story Timeline
  1. 2025-09-17Federal Reserve Cuts Rates by a Quarter Point to 4% to 4.25%, Its First Reduction of 2025
  2. 2025-12-10Federal Reserve Cuts Rates for a Third Time in 2025, Lowering the Target Range to 3.50% to 3.75%
  3. 2026-01-28Federal Reserve Holds Rates Steady at 3.50% to 3.75% in First Decision of 2026
  4. 2026-03-18Federal Reserve Holds Rates at 3.50% to 3.75% in an 11-1 Vote, Lifting Its 2026 Inflation Projection to 2.7%
  5. 2026-04-29Fed Holds Rates at 3.50% to 3.75% as Four Officials DissentThis story
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