Federal Reserve meeting —

At its 14 June 2023 meeting, the Federal Reserve held its policy rate at 5.00–5.25%. The decision passed 11-0.

Decision

hold — 5.00–5.25% to 5.00–5.25%

Vote: 11-0

Key passages

the Committee decided to maintain the target range for the federal funds rate at 5 to 5 -1/4 percent.

The decision to hold rates was widely expected, but the pause itself is a shift from prior hikes.

Holding the target range steady at this meeting allows the Committee to assess additional information and its implications for monetary policy.

Signals a data-dependent pause; no commitment to further action.

Meeting documents

Background reading

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