Construction — Federal Reserve Holds Interest Rates Amid Geopolitical Uncertainties

Construction · 2026-05-01

Two developments stand out for construction professionals today. First, the Federal Reserve held its benchmark rate steady, citing dual risks to employment and inflation stemming from the Iran conflict — a signal that rate cuts remain off the table and borrowing costs for construction projects will stay elevated through at least mid-2026. Fed Chair Powell's announcement that he will remain on the…