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Federal Reserve holds rates at 3.50 to 3.75 percent at January FOMC meeting
- Date
- · 2:00 PM ET
- Type
- Economy
- Where it applies
- National
- Location
- Washington, DC
The Federal Open Market Committee met in Washington and kept the federal funds target range at 3.50 to 3.75 percent, a pause after three cuts in 2025. The vote was 10 to 2, with Stephen Miran and Christopher Waller preferring a quarter point cut. The statement described solid economic growth, low job gains and somewhat elevated inflation. The decision was released at 2:00 PM ET on January 28.
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