Fed Holds Interest Rates | Drudge Retort

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Wednesday, March 18, 2026

Fed Holds Interest Rates

The US central bank has voted to hold interest rates steady again, as a spike in oil prices since the start of the US-Israel war with Iran raises economic uncertainty...

Posted by REDIAL at 05:59 PM | 21 COMMENTS | permalink | Comment on This Entry |

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The Federal Reserve is expected to hold interest rates steady and may signal it will not cut rates at all this year as the Iran war complicates the central bank's inflation outlook.[image or embed]
— Euronews (@euronews.com) Mar 18, 2026 at 7:15 AM

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"The thing a good number of people on the committee are concerned about is the very very low level of job creation. If you adjust what has been the trend job creation over the past 6 months for what we think is the overstatement due to overcounting, effectively there is 0 net job creation in the private sector"

-Jerome Powell

#1 | Posted by ClownShack at 2026-03-18 06:21 PM | Reply

Good Bye Dow Jones

#2 | Posted by Sycophant at 2026-03-18 06:34 PM | Reply

Get used to the term "Dropping Fast"

#3 | Posted by truthhurts at 2026-03-18 06:36 PM | Reply

Every ------- time a republican president is in office my retirement savings take a massive blow

#4 | Posted by truthhurts at 2026-03-18 06:36 PM | Reply

Republican president = ruined economy, tax cuts for the uber rich, war in the middle east.

Every. Time. The American public is stupid.

#5 | Posted by Alexandrite at 2026-03-18 07:06 PM | Reply | Newsworthy 1

Other economic data released today...

US producer inflation runs hotter in February, expected to accelerate further amid Iran war
www.reuters.com

... U.S. producer prices increased by the most in seven months in February, driven by higher costs for services and a range of goods, and could accelerate further as the war in the Middle East boosts oil prices and the pass-through from tariffs persists.

The stronger-than-expected Producer Price Index report released on Wednesday also suggested key inflation measures tracked by the Federal Reserve posted significant gains in February.

The U.S. central bank held interest rates steady at the end of its two-day policy meeting on Wednesday. Policymakers projected higher inflation, steady unemployment and only a single cut in rates this year.

Financial markets expected the Fed to resume rate cuts either in December or January 2027, LSEG data showed.

The U.S.-Israeli war with Iran, which started at the end of February, has sent oil prices surging more than 40%, and with it retail fuel prices like gasoline and diesel fuel. Economists expected the war's inflationary effect to show up in the March consumer and producer price reports to be released next month. ...

#6 | Posted by LampLighter at 2026-03-18 07:21 PM | Reply

Iran is also in the process of attempting to change the currency oil is traded in from the Dollar to the Yuan.

Should they be successful, this country will collapse.

#7 | Posted by ClownShack at 2026-03-18 07:28 PM | Reply

China probably doesn't want that either. They hold trillions of our debt. So we collapse they collapse

#8 | Posted by truthhurts at 2026-03-18 07:31 PM | Reply

"Iran is also in the process of attempting to change the currency oil is traded in from the Dollar to the Yuan."

It's already happening.

Pakistani oil tanker "Karachi" crosses Strait of Hormuz after payment in Chinese yuan: Senator Mushahid
thetruthinternational.com

#9 | Posted by snoofy at 2026-03-18 07:33 PM | Reply

Thanks magat scum. you well and truly ------ us.

#10 | Posted by truthhurts at 2026-03-18 07:34 PM | Reply

Barbados-flagged tanker abandons Hormuz Strait bid after Iran forces went into alert: IRGC
The IRGC says a Barbados-flagged oil tanker retreated after initially attempting to head towards the Strait of Hormuz.

In a statement carried by state media, the IRGC said the giant vessel changed course after Iranian forces entered a state of alert and took a position of action.

#11 | Posted by truthhurts at 2026-03-18 07:35 PM | Reply

Saudi FM says two refineries were attacked in Riyadh
Saudi Arabia's top diplomat Prince Faisal bin Farhan Al Saud has been speaking to reporters following a meeting of foreign ministers in Riyadh.

He has said that two refineries have been attacked in Saudi Arabia and that Iran must review its "misjudgements" since these attacks will not bring any gains.

We'll bring you more soon.

Escalation

#12 | Posted by truthhurts at 2026-03-18 07:59 PM | Reply

Iran is also in the process of attempting to change the currency oil is traded in from the Dollar to the Yuan.

Iran already accepts Yuan when selling oil to China.

#13 | Posted by oneironaut at 2026-03-18 09:15 PM | Reply

Should they be successful, this country will collapse.
#7 | POSTED BY CLOWNSHACK

I warned about this when Biden broke all faith in the US system when he used it as a weapon.
https://www.nbcnews.com/politics/biden-admin-may-back-hitting-russias-access-swift-european-allies-
agre-rcna17832

At that point everyone started looking on how to get out from underneath the USD.

All those USD's will come rushing back, slowly, faster .. then all at once.

Blaming Trump will be you're goto move, but this has been in the works for sometime.

#14 | Posted by oneironaut at 2026-03-18 09:20 PM | Reply

Explosions in central Israel as military warns of new Iranian missiles
Israel's Channel 12 broadcaster is reporting explosions in central parts of the country amid air raid sirens in the area.

This came moments after the Israeli military said it has detected a new wave of missiles from Iran.

This indicates that the Israeli early warning system, i.e. THAAD system is not working at all.

Not good

#15 | Posted by truthhurts at 2026-03-18 09:51 PM | Reply

imalumpertoo is getting more desperate and pathetic by the day. On the bright side, the silly chart imbeds help to spot his stupidity early.

#16 | Posted by REDIAL at 2026-03-18 09:53 PM | Reply

"Blaming Trump will be you're goto move, but this has been in the works for sometime."

Oh so it's not Biden's fault either.

#17 | Posted by snoofy at 2026-03-18 10:06 PM | Reply

Oh so it's not Biden's fault either.

#17 | POSTED BY SNOOFY

No look at the graph.... its an inevitability. Its crazy how you want to assign blame, the problem won't be solved that way.

Here's another

#18 | Posted by oneironaut at 2026-03-18 11:29 PM | Reply

Here is an excellent break down of the situation, there are issues with this overview.
x.com

The US is in a bubble, the culture has ensconced you while everything in the RoW is changing.
The US is running on the momentum from the 1950s.

The US political infighting isn't going to help, you're actually part of the problem.

#19 | Posted by oneironaut at 2026-03-18 11:33 PM | Reply

You're an idiot. You don't know what you're talking about. You're too ------- stupid and lazy to realize everything you post is nothing but --------. Go ------- jump off a parking structure, you fake ass bitch.

#20 | Posted by LegallyYourDead at 2026-03-19 09:27 PM | Reply

Having an independent FED is proving to be a very, very good thing in the time of Trump, one fears what happens when the FED chair is replaced.

#21 | Posted by Hughmass at 2026-03-20 07:45 AM | Reply

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