The Federal Open Market Committee (FOMC) concluded its meeting today, maintaining the federal funds rate at its current target range. The decision reflects the Committee’s ongoing assessment of economic conditions, inflation pressures, and labor market trends. While inflation has shown signs of moderating, it remains above the Committee’s long-term goal of 2 percent. The labor market remains strong, though there are indications of gradual cooling.
In its statement, the FOMC reiterated its commitment to bringing inflation back down sustainably. Future policy decisions will depend on incoming data, including inflation readings, job growth, and overall financial conditions. The Committee remains attentive to risks and prepared to adjust the stance of monetary policy as needed.
Market participants will be watching closely for Chair Powell’s remarks during the press conference, which may offer additional insights into the Committee’s outlook and policy direction in the coming months.