Federal Reserve meeting —
At its 26 July 2023 meeting, the Federal Reserve raised its policy rate from 5.00–5.25% to 5.25–5.50%.
Decision
hike — 5.00–5.25% to 5.25–5.50%
Key passages
the Committee decided to raise the target range for the federal funds rate to 5-1/4 to 5-1/2 percent.
In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.
Meeting documents
Background reading
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