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RegExp("[?&]notifications=1(&|#|$)");"desktop"===h&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(no)),notifLabel:document.querySelector(".".concat(oo))};t.notifDropdown&&mo(e,t)}))}()}};]]>Mary Helen GillespieSun, March 15, 2026 at 4:07 PM GMT+1 6 min readWhen it comes to the benchmark federal funds rate, we’re all in.That’s because it guides interest rates for auto and student loans, home-equity loans and credit cards. It also impacts the 10-year Treasury bond, which in turn affects mortgage rates in the stagnant housing market.Billions of dollars in taxpayer money — primarily from individual tax returns and payroll taxes — pay the interest on the nation’s $38.9 trillion debt.For consumers, a delayed rate cut could mean higher borrowing costs during an affordability crisis, sending many Americans scrambling to pay energy, grocery, shelter, and health care bills in a “low-hire, low-fire” labor market.Against the fog of the Iran attacks, increasing inflation expectations, labor market concerns, and stagflation fears, the Federal Reserve is widely expected to hold the funds rate steady at its policymaking meeting this week.That pause comes with no surprise, although some dovish Fed watchers including President Donald Trump want to see an immediate aggressive easing of monetary policy and lower interest rates.The status of future rate cuts in 2026 is a looming concern for Main Street, Wall Street and Washington, D.C.The Federal Open Market Committee will report its widely anticipated Summary of Economic Projections(SEP) on March 18, providing a blueprint for how officials are interpreting the Iran War’s effects on inflation in the short, medium, and long term.Economists and market analysts have dramatically adjusted their forecasts in the last three weeks, with some now doubting the Fed will cut rates at all in 2026.The Fed’s dual congressional mandate requires it to balance full employment and price stability.Lower interest rates support hiring but can fuel inflation.Higher rates cool prices but can weaken the job market.The two goals often conflict, operate on different timelines, and are influenced by unpredictable global events such as pandemics and wars.Federal Reserve Bank of New York via FRED® · Federal Reserve Bank of New York via FRED®The FOMC voted 10-2 to hold interest rates steady at 3.50% to 3.75% in January after three consecutive quarter-point cuts in its last three meetings of 2025.Those cuts were based on data showing increasing weakening in the labor market and cooling inflation, although still sticky and tariff-laced.More Federal Reserve:Fed Chair Powell sends frustrating message on future interest-rate cutsIt was the FOMC’s first pause since July 2025.The Fed uses government and private data sources to drive monetary policy decisions, a rear-view mirror approach often criticized as being too restrictive.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,699.38 +67.19 (+1.01%)Dow 3046,946.41 +387.94 (+0.83%)Nasdaq22,374.18 +268.82 (+1.22%)Russell 20002,503.29 +23.24 (+0.94%)VIX23.51 -3.68 (-13.53%)Gold5,014.00 +11.80 (+0.24%)Trending tickersADBE Adobe Inc. 251.86 +2.54 (+1.02%)BTC-USD Bitcoin USD 74,720.04 +2,136.05 (+2.94%)XYZ Block, Inc. 59.85 +0.06 (+0.10%)ULTA Ulta Beauty, Inc. 516.74 -18.98 (-3.54%)RBRK Rubrik, Inc. 51.67 -1.76 (-3.29%)PortfolioSign in to access your portfolioSign inTop gainersNSA National Storage Affiliates Trust 40.23 +9.29 (+30.03%)NBIS Nebius Group N.V. 129.85 +16.90 (+14.96%)BMNR Bitmine Immersion Technologies, Inc. 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