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January 28, 2026US FEDERAL RESERVE MONETARY POLICY At its scheduled Federal Open Market Committee (FOMC) meeting on January 28th, the US Federal Reserve announced that it will hold the target range for the federal funds rate at a range of 3.5% to 3.75%.
The Committee notes that based on available data, growth of economic activity has been expanding at a solid pace. Job gains have remained low while the unemployment rate has shown signs of stabilizing, and inflation remains somewhat elevated. Uncertainty about the economic outlook remains elevated, and the FOMC is attentive to the risks to both sides of it's dual mandate.
The Committee judges that the reserve balances have declined to acceptable levels and will initiate purchases of short-term Treasury securities as needed to maintain the acceptable level on an ongoing basis.
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 Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals.
The next scheduled FOMC meeting will be held on March 17-18, 2026.
Source: US Federal Reserve, FOMC Press Release
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