US Fed keeps interest rate constant, as expected

ISTANBUL

The US Federal Reserve kept the benchmark policy rate at 4.25%-4.5% on Wednesday, as widely expected.

The Fed said in a statement that recent indicators suggest economic activity has continued to expand at a solid pace and the unemployment rate has stabilized at a low level.

🗣️ ‘Federal Open Market Committee decided to leave our policy interest rate unchanged’

Jerome Powell, Chair of the Federal Reserve, announces that US Fed keeps interest rate constant, as widely expected https://t.co/ir7CS3b0oz pic.twitter.com/PMaQbDkZ3X
— Anadolu English (@anadoluagency) January 29, 2025

But "inflation remains somewhat elevated," it said.

The bank stressed that it is strongly committed to supporting maximum employment and returning inflation to its 2% objective.

The bank, keeping the rate at the historically high level of 5.5% from July 2023 to September 2024, gradually lowered it during the last three meetings to 4.5%.

ISTANBUL

The US Federal Reserve kept the benchmark policy rate at 4.25%-4.5% on Wednesday, as widely expected.

The Fed said in a statement that recent indicators suggest economic activity has continued to expand at a solid pace and the unemployment rate has stabilized at a low level.

🗣️ ‘Federal Open Market Committee decided to leave our policy interest rate unchanged’

Jerome Powell, Chair of the Federal Reserve, announces that US Fed keeps interest rate constant, as widely expected https://t.co/ir7CS3b0oz pic.twitter.com/PMaQbDkZ3X
— Anadolu English (@anadoluagency) January 29, 2025

But "inflation remains somewhat elevated," it said.

The bank stressed that it is strongly committed to supporting maximum employment and returning inflation to its 2% objective.

The bank, keeping the rate at the historically high level of 5.5% from July 2023 to September 2024, gradually lowered it during the last three meetings to 4.5%.