Feds maintain 3.5 – 3.75% rate
10 days ago
- #Monetary Policy
- #Inflation
- #Federal Reserve
- Economic activity is expanding at a solid pace.
- Job gains remain low, and the unemployment rate shows signs of stabilization.
- Inflation remains somewhat elevated.
- The Federal Reserve aims for maximum employment and 2% inflation over the long term.
- The Committee maintains the federal funds rate target range at 3.5% to 3.75%.
- Future adjustments will depend on incoming data, economic outlook, and risk balance.
- The Fed is prepared to adjust monetary policy if risks threaten its goals.
- Voting members mostly supported the decision, with two dissenting in favor of a rate cut.