Fed maintains federal funds rate range, plans cautious data assessment.

The Fed maintained its federal funds rate target range at 5-1/4 to 5-1/2 percent, as solid economic growth persists with strong job gains and low unemployment. Despite easing inflation, it remains elevated and has not shown significant progress towards the Fed's 2% goal. The central bank plans to cautiously assess incoming data and economic outlook before considering any adjustments. The Fed will slow down its securities holdings decline, while remaining committed to returning inflation to its 2% objective and monitoring a wide range of economic indicators to determine any necessary adjustments in monetary policy.

May 01, 2024
21 Articles