Fed keeps interest rates unchanged in March
The CME Group’s FedWatch Tool had signaled a 99% probability of rates holding steady.
Key Takeaways
- The Federal Reserve maintained the federal funds rate unchanged between 4.25% and 4.50%.
- According to BlackRock, a recession could benefit Bitcoin due to increased fiscal spending and monetary stimulus.
The Federal Reserve kept interest rates unchanged today, maintaining the federal funds rate between 4.25% and 4.50% for the second consecutive meeting amid growing recession concerns fueled by the Trump administration’s economic policies.
The central bank has adjusted its 2025 economic forecasts, lowering GDP growth projections to 1.7% from the previous 2.1% in December, while simultaneously raising forecasts for unemployment to 4.4% from 4.3%, PCE inflation to 2.7% from 2.5%, and core PCE inflation to 2.8% from 2.5%.
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