Federal Reserve meeting —
At its 1 February 2023 meeting, the Federal Reserve raised its policy rate from 4.25–4.50% to 4.50–4.75%. The decision passed 12-0.
Decision
hike — 4.25–4.50% to 4.50–4.75%
Vote: 12-0
Key passages
the Committee decided to raise the target range for the federal funds rate to 4-1/2 to 4-3/4 percent.
The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.
Meeting documents
Background reading
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