Live updates: Interest rates steady, Federal Reserve forecasts 1 rate cut in 2026

The Federal Reserve kept interest rates unchanged in the 3.5%-3.75% range at the end of its two-day policy meeting on Wednesday, as widely expected. Along with its second policy decision of the year, the Fed also published its first Summary of Economic Projections (SEP) for 2026, which showed that officials maintained a median forecast for one rate cut in 2026. In December, the median Federal Open Market Committee member also projected one rate cut this year. Stocks fell on Wednesday after Fed Chair Jero ...