Federal Reserve issues FOMC statement - Federal Reserve (.gov)
The Federal Reserve has maintained the federal funds rate at 3.5 to 3.75 percent, citing a commitment to its dual mandate of price stability and maximum employment. The committee noted that while economic activity is expanding, inflation remains elevated due to supply shocks and geopolitical uncertainty.
Why it matters
Interest rate decisions by the Federal Reserve directly influence borrowing costs, inflation, and economic growth across the United States and global markets.
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