Federal Reserve meeting —

At its 26 January 2022 meeting, the Federal Reserve held its policy rate at 0.00–1.00%.

Decision

hold — 0.00–1.00% to 0.00–1.00%

Key passages

The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent.

Rate decision unchanged, but context strongly hints at upcoming tightening.

With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.

Clear signal of imminent rate hike, likely in March, reinforcing tightening expectations.

Meeting documents

Background reading

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