The Federal Reserve kept its benchmark rate unchanged at 3.5% to 3.75% on Wednesday, matching market expectations and extending its pause for a fifth straight meeting since a 25-basis-point cut in December 2025. Crypto prices moved lower shortly after the decision. Bitcoin fell about 1% to $63,890, while Ethereum also dropped roughly 1% and traded above $1,900. The statement came without a Summary of Economic Projections or a dot plot, with the next dot plot scheduled for release in September. The committee said the U.S. economy is expanding at a solid pace, but inflation remains above its 2% target, citing higher energy prices linked in part to tensions in the Middle East. Three regional Fed presidents — Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan — dissented and backed an immediate 25-basis-point rate hike. The next FOMC decision is set for Sept. 16, 2026, when updated economic projections and a new dot plot are due.
Odaily reported that the Federal Reserve left its benchmark interest rate unchanged at 3.5% to 3.75% on Wednesday, in line with market expectations. The decision marked the fifth straight meeting without a change since the committee cut rates by 25 basis points in December 2025.
Crypto prices edged lower after the announcement. Bitcoin fell about 1% to $63,890, while Ethereum also dropped around 1% and traded above $1,900.
No SEP or dot plot in this meeting
The decision did not include a Summary of Economic Projections or a dot plot. The next dot plot is scheduled for September.
The committee said the U.S. economy is expanding at a solid pace, while inflation remains above its 2% target. It added that higher energy prices, driven in part by tensions in the Middle East, were among the reasons.
Three officials dissented
Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan voted against holding rates steady and supported an immediate 25-basis-point rate increase.
The next Federal Open Market Committee, or FOMC, decision is scheduled for Sept. 16, 2026. Updated economic projections and a new dot plot will be released at that time.
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