SUMMARY OF FED DECISION (3/18/2026): 1. Fed halts rate cuts for the second straight meeting 2. Fed projects one rate cut in 2026, one in 2027 3. Fed 2026 PCE inflation forecast revised higher to 2.7% 4. Fed says implications of Middle East developments are "uncertain" 5. Fed Governor Miran dissents in favor of an interest rate cut 6. Today's rate decision was reached in an 11-1 vote We believe December was Fed Chair Powell's final rate cut.(The Kobeissi Letter)