Federal Reserve Maintains Federal Funds Rate at 3.75%-4% Range
The Federal Open Market Committee (FOMC) voted 10-2 to keep the federal funds rate unchanged during its seventh meeting of the year, maintaining the target range between 3.75% and 4%. This decision follows a period of stability after the first benchmark rate hike since 2023. Market expectations suggest that the tightening cycle is not yet over, with traders pricing in one additional 25-basis-point increase before the end of 2026. Furthermore, projections indicate that interest rate hikes may continue into 2027, as Fed officials' year-end dot plot estimates range between 4.1% and 4.4%.
Topics: Federal Reserve FOMC Interest Rates Monetary Policy
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Part of the story Federal Reserve Chair Kevin Warsh Signals Continued Fight Against Persistent Inflation (3 articles)