The Fed held federal funds rate at 3.50%-3.75% on April 29, 2026 for third consecutive meeting. CME FedWatch placed 94% probability on continued hold. Reading the 2026 hold against the 1979-1980 Volcker pause sequence — the specific signal a hold sends after a hiking cycle ends.
Honest Limits
This Desk reads from publicly available historical and central bank communications. The 2026 references reflect data through early May 2026. None of this constitutes investment advice.
Sources
- Federal Reserve
- Bank of Japan
- European Central Bank
- BIS
- IMF Archives
- Plaza Accord — Wikipedia
- Nixon Shock — Wikipedia
Free Download
The XAU/USD Asian-Session Playbook
Gulf-hours gold setups with exact entry, stop-loss, and risk-sizing rules. Real chart examples, no tip groups.