Fed Holds Steady on Interest Rates

By Staff Writer February 03, 2025

The Federal Reservice kept interest rates unchanged during its recent policy meeting.

In its Federal Open Market Committee statement, the group laid out its reasoning.

“Recent indicators suggest that economic activity has continued to expand at a solid pace,” the committee stated. “The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated.

“The committee seeks to achieve maximum employment and inflation at the rate of 2% over the longer run. The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate.

“In support of its goals, the committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the committee will carefully assess incoming data, the evolving outlook, and the balance of risks.”

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Last modified on Sunday, 09 February 2025 20:03