Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
WASHINGTON, January 29 (Xinhua) — The US Federal Reserve on Wednesday kept its benchmark interest rate at 3.5-3.75 percent following its first meeting in 2026.
The decision follows three consecutive interest rate cuts in the second half of 2025.
"Available indicators suggest that economic activity is expanding at a robust pace. Employment growth remains subdued, and the unemployment rate is showing some signs of stabilization. Inflation remains somewhat elevated," the Federal Open Market Committee (FOMC) said in a statement.
"In support of its objectives, the committee decided to maintain the target range for the federal funds rate at 3.5% to 3.75%," the statement said. "In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the committee will carefully evaluate incoming data, the changing outlook, and the balance of risks."
The FOMC reaffirmed its commitment to supporting maximum employment and returning inflation to its 2 percent target. –0–
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