06/18/2026
The Fed met this week and held its benchmark rate at 3.5% to 3.75%.
The bigger news is the shift in tone. It was the first meeting under new chair Kevin Warsh, and the Fed dropped its earlier signal that cuts were coming. Just three months ago officials expected a rate cut this year. Now they expect a hike, with the rate ending 2026 near 3.8%. High inflation is the reason.
If you are buying, the cheap-debt wait just got longer, so pencil today's rate.
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