๐๏ธ๐ Federal Reserve Update: FOMC Keeps Rates Unchanged at 3.75%โ4.00%The Fed voted 10โ2 to hold interest rates steady โฆ
๐๏ธ๐ Federal Reserve Update: FOMC Keeps Rates Unchanged at 3.75%โ4.00%
The Fed voted 10โ2 to hold interest rates steady while staying alert to inflation risks.
Below are main points from the meeting:
๐น Policy call:
Target rate range stays at 3.75%โ4.00%.
๐น Vote breakdown:
Ten members backed the pause; two wanted a 25โbasisโpoint increase.
๐น Economic picture:
GDP growth and consumer spending have stayed strong, with steady jobs numbers.
๐น Nextโstep outlook:
Policy will depend entirely on incoming data, with the Fed firmly focused on getting inflation down to its 2% target.
What do you think the Fed will do next? Letโs discuss๐
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