Fed Signals Higher-for-Longer Rates in New Chairs Debut

The Federal Reserve held its benchmark rate at 3.50%-3.75% on July 29, 2026. Three of 12 regional Fed presidents dissented, favoring a hike, the first three-way dissent since September 2016. The Fed's June dot plot showed 9 of 18 members projecting a 2026 rate hike. Source: Statista