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US Fed Holds Benchmark Rate Steady at 3.75 Percent in March
The US Federal Reserve kept its benchmark interest rate unchanged at 3.75% for March, matching consensus estimates. The March decision maintained the rate at the same level as January, with both periods posting a 3.75% federal funds rate. This marks the third consecutive meeting where the Fed has held rates steady, following a series of cuts in late 2025. The decision was supported by stable inflation readings and resilient labor market data, which contributed to the central bank’s cautious approach. Compared to the 12-month average rate of 4.05%, the current level reflects a gradual easing trend since mid-2025 as policymakers respond to moderating price pressures. Market participants now await signals from upcoming FOMC minutes and US inflation data for further guidance on policy direction. Updated 3/18/26
