This is CNBC's live blog covering the Federal Open Market Committee meeting and Chair Jerome Powell's press conference. The Federal Reserve kept a steady hand on its overnight lending rate, maintaining a target range of 3.

A series of supply setbacks has kept prices above target for five years. Now officials have to put a number on what that means for interest rates.

The Fed raised its core PCE inflation forecast for 2026 to 2.7% from 2.4% — but one economist thinks that's a pipe dream. Neil Dutta, head of economics at Renaissance Macro Research, said the core PCE would have to average a 0.

By Michael S. Derby and Howard Schneider NEW YORK, March 20 (Reuters) - The risk of persistent inflation arising from the escalating war with Iran was strong enough to convince an influential Federal Reserve policymaker to switch his support to keeping interest rates on hold from cutting them this week,

In a news conference, Powell suggested that the central bank remains concerned about inflation that was still stubbornly elevated even before the Iran war’s impact on gas prices.

The Federal Reserve held its benchmark interest rate steady as it faces inflationary pressure from the war with Iran — and a weakening labor market.

The Federal Reserve held interest rates steady Wednesday as bankers stared down the evolving economic blowback from the war in Iran. The Federal Open Market Committee (FOMC), the panel of bank officials responsible for setting borrowing costs,

The Labor Department released the February 2026 consumer price index (CPI), which showed that inflation remained elevated above the Federal Reserve's target.

The worst U.S. inflation outbreak in a generation turns five years old this month, a defining economic shock that is still driving policy debates.

U.S. stock futures declined on Friday following Thursday’s declines. Futures of the major benchmark indices were lower. Iran warned of “zero restraint” following strikes on its energy infrastructure amid the ongoing war,