The Federal Reserve holds rates steady in a unanimous vote, citing solid economic growth and persistent inflation above its 2% target.
The Federal Reserve maintained its federal funds rate target range at 3.50%-3.75% following a unanimous 12-0 vote. The decision aligns with market expectations as policymakers assess ongoing economic conditions.
Economic activity continues to expand at a solid pace, though inflation remains elevated above the Fed’s 2% goal. The statement did not signal immediate changes to the current policy stance, reflecting a cautious approach amid mixed economic signals.
Markets showed little immediate reaction, as the decision was widely anticipated by investors and analysts.