FOMC Meeting Overview: Fed Maintains Cautious Stance Amid Economic Uncertainty
The Federal Open Market Committee (FOMC) concluded its most recent policy meeting with a decision to hold interest rates steady, continuing its cautious approach amid persistent inflation and evolving economic indicators. This marks the [insert number] consecutive meeting in which the Fed has opted not to adjust the federal funds rate, maintaining it at the target range of [insert range, e.g., 5.25%–5.50%].
Federal Reserve Chair Jerome Powell emphasized that while inflation has shown signs of easing compared to last year's peaks, it remains above the central bank’s 2% target. “We are encouraged by recent data, but we’re not yet confident that inflation is moving sustainably toward our goal,” Powell said during the post-meeting press conference