#FOMCMeeting The Federal Open Market Committee (FOMC or the Committee) left the federal funds rate unchanged at 4.25% – 4.50% for the third straight meeting, continuing a pause on the interest-rate-cutting cycle that started in September 2024. The FOMC stated that uncertainty about the economic outlook has increased further and that the risks of higher unemployment and inflation have also risen. The Federal Reserve (Fed) will continue with the pace of decline of its securities holdings, $5 billion of U.S. Treasury securities and $35 billion on agency mortgage-backed securities each month.