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July 30, 2025US FEDERAL RESERVE MONETARY POLICY At its scheduled Federal Open Market Committee (FOMC) meeting on July 30th, 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. The Committee will maintain the monthly redemption cap on agency debt and agency mortgage-backed securities at $35 billion.
Although fluctuations in net exports continue to affect the data, recent indicators suggest that economic growth moderated in the first half of the year. Labour market conditions remain solid, while inflation is somewhat elevated. Uncertainty about the economic outlook remains elevated, and the Committee remains attentive to the risks on both sides of its dual mandate.
The Committee seeks to achieve maximum employment and returning inflation to 2% over the long run. 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 next scheduled FOMC meeting will be held on September 16-17, 2025.
Source: US Federal Reserve, FOMC Press Release; FOMC Summary of Economic Projections(June)
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