#FedHODL

The Federal Reserve's Federal Open Market Committee (FOMC) recently issued a statement indicating that economic activity continues to expand at a solid pace, with the unemployment rate stabilizing at low levels and inflation remaining somewhat elevated. In support of its goals of maximum employment and 2% inflation, the Committee decided to maintain the target range for the federal funds rate at 4.25% to 4.5%. The Committee emphasized its commitment to supporting maximum employment and returning inflation to its 2% objective.