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January 29, 2025US FEDERAL RESERVE MONETARY POLICY At its scheduled Federal Open Market Committee (FOMC) meeting on January 29th, the US Federal Reserve announced that it will maintain the target range for the federal funds rate at 4.25% to 4.50%. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities.
Recent economic indicators show that the US economy has continued to expand at a solid pace. Labour conditions remain solid and unemployment has stabilized at low levels. Inflation remains somewhat elevated. The economic outlook is uncertain, and the Committee is attentive to risks to both sides of its dual mandate. The Committee will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments to achieve its goals.
The Committee seeks to achieve maximum employment and returning inflation to 2% over the long run. The next scheduled FOMC meeting will be held on March 18-19, 2025.
Source: US Federal Reserve, FOMC Press Release
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