The Federal Reserve Board published a monetary policy statement announcing that the Committee decided to maintain the target range for the federal funds rate at 3.5% to 3.75%. It reiterated that any additional adjustments will depend on incoming data, the evolving outlook, and the balance of risks, and that policy will be adjusted as appropriate if risks emerge that could impede attainment of its goals. Available indicators were described as pointing to economic activity expanding at a solid pace, with job gains remaining low and the unemployment rate showing some signs of stabilization. Inflation was characterised as somewhat elevated, with uncertainty about the economic outlook remaining elevated, and the Committee noted it is attentive to risks to both sides of its dual mandate as it pursues maximum employment and inflation at 2% over the longer run.
Federal Reserve Board 2026-01-28
Federal Reserve Board keeps federal funds rate target range at 3.5% to 3.75%
The Federal Reserve Board announced it will maintain the federal funds rate target range at 3.5% to 3.75%, with future adjustments contingent on data and risk assessments. Economic activity is expanding solidly, job gains are low, unemployment is stabilizing, and inflation remains somewhat elevated, with the Committee focused on its dual mandate of maximum employment and 2% inflation.