FOMC · December 18, 2024 · 14:00 ET
FOMC Rate Decision
Released
FOMC Rate Decision was released on December 18, 2024 (14:00 ET): Target Range Upper came in at 4.5%, vs 4.75% prior.
| Metric | Prior | Actual |
|---|---|---|
| Target Range Upper | 4.75% | 4.5% |
| Target Range Lower | 4.5% | 4.25% |
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What the statement says
FOMC lowered the federal funds rate target range by 25 bps to 4.25–4.50% at its December meeting; Beth M. Hammack dissented, preferring to hold rates steady
- Federal funds rate target range lowered by 1/4 percentage point to 4-1/4 to 4-1/2 percent
- Committee judges risks to its employment and inflation goals are roughly in balance; economic outlook is uncertain, and Committee remains attentive to risks on both sides of its dual mandate
- Committee will continue reducing its holdings of Treasury securities, agency debt, and agency mortgage-backed securities
- Future adjustments to the target range will depend on careful assessment of incoming data, the evolving outlook, and the balance of risks
- Beth M. Hammack voted against the action, preferring to maintain the target range at 4-1/2 to 4-3/4 percent
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.