The Federal Open Market Committee (FOMC) voted unanimously to keep the federal funds rate unchanged at 3.5%–3.75%, signaling a continued wait-and-see approach to monetary policy.
The Federal Reserve noted that the US economy is growing steadily, supported by strong productivity and investment, and that employment remains stable. However, inflation is still above the 2% target, partly due to supply shocks such as energy-related price pressures.
Overall, the Fed emphasized that it remains focused on bringing inflation down while maintaining economic stability.
