FOMC · January 31, 2024 · 14:00 ET
FOMC Rate Decision
Released
FOMC Rate Decision was released on January 31, 2024 (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 at 5-1/4 to 5-1/2 percent and states it will not reduce rates until it gains greater confidence that inflation is moving sustainably toward 2 percent.
- Maintains the federal funds rate target range at 5-1/4 to 5-1/2 percent
- States it does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent
- Continues reducing its holdings of Treasury securities, agency debt, and agency mortgage-backed securities as previously announced
- Judges that risks to achieving its employment and inflation goals are “moving into better balance,” but remains “highly attentive to inflation risks”
- Will carefully assess incoming data, the evolving outlook, and the balance of risks in considering any adjustments to the target range
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.