Fed Sees Risks ‘in Balance’ as It Holds Rates at 4.25%-4.5%
Policymakers Evaluate Inflation, Labor Market, Trump’s Policies
While progress toward the central bank’s inflation goal stalled in the last few months of 2024, the new year has brought signs that the downward trend may soon resume. (Al Drago/Bloomberg News)
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Federal Reserve officials held interest rates steady, pausing to assess the inflation outlook following a string of rate reductions last year.
The Federal Open Market Committee voted unanimously on Jan. 29 to keep the federal funds rate in a range of 4.25%-4.5%, after lowering rates by a full percentage point in the final months of 2024.
In a post-meeting statement, officials repeated that inflation remains “somewhat elevated” but removed a reference to it having made progress toward their 2% goal. They also noted the unemployment rate has stabilized at a low level.
Strong economic growth coupled with a…
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