FOMC Rate Decision

What the statement says

The FOMC held the federal funds rate target range steady at 4-1/4 to 4-1/2 percent, reaffirmed data-dependent assessment of future adjustments, and continued balance sheet reduction.

• Maintained the federal funds rate target range at 4-1/4 to 4-1/2 percent.
• Inflation remains somewhat elevated; the Committee's longer-run inflation objective is 2 percent.
• Labor market conditions remain solid, and the unemployment rate has stabilized at a low level in recent months.
• Continued reducing holdings of Treasury securities, agency debt, and agency mortgage-backed securities.
• The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance and will carefully assess incoming data, the evolving outlook, and the balance of risks in determining the appropriate stance of monetary policy.

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