FOMC · December 13, 2023 · 14:00 ET
FOMC Rate Decision
Released
FOMC Rate Decision was released on December 13, 2023 (14:00 ET): Target Range Upper came in at 5.5%, vs 5.5% prior.
| Metric | Prior | Actual |
|---|---|---|
| Target Range Upper | 5.5% | 5.5% |
| Target Range Lower | 5.25% | 5.25% |
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What the statement says
FOMC holds the federal funds rate target range steady at 5-1/4 to 5-1/2 percent and reaffirms its strong commitment to returning inflation to 2 percent.
- Maintains the federal funds rate target range at 5-1/4 to 5-1/2 percent.
- Notes that inflation has eased over the past year but remains elevated.
- States it will assess the extent of any additional policy firming by considering cumulative monetary tightening, policy lags, and economic and financial developments.
- Continues reducing its holdings of Treasury securities, agency debt, and agency mortgage-backed securities as previously announced.
- Reaffirms its strong commitment to returning inflation to its 2 percent objective and indicates it would be prepared to adjust policy if risks emerge that could impede its goals.
AI-generated summary of the official text. The official statement is authoritative. Not investment advice.
Figures as published by the official source, which is authoritative. Not investment advice.