FOMC Rate Decision

What the statement says

FOMC holds the federal funds rate target range at 4-1/4 to 4-1/2 percent, continues balance sheet reduction, notes inflation remains somewhat elevated and economic activity continues to expand at a solid pace

• The target range for the federal funds rate is maintained at 4-1/4 to 4-1/2 percent.
• The Committee continues reducing its holdings of Treasury securities, agency debt, and agency mortgage-backed securities.
• Inflation remains somewhat elevated; the longer-run inflation objective is 2 percent.
• Economic activity has continued to expand at a solid pace; the unemployment rate remains low and labor market conditions remain solid.
• The Committee will carefully assess incoming data, the evolving outlook, and the balance of risks in determining the extent and timing of additional adjustments to the target range.

AI-generated summary of the official text. The official statement is authoritative. Not investment advice.