Federal Reserve meeting —
At its 1 November 2023 meeting, the Federal Reserve held its policy rate at 5.25–5.50%. The decision passed 12-0.
Decision
hold — 5.25–5.50% to 5.25–5.50%
Vote: 12-0
Key passages
the Committee decided to maintain the target range for the federal funds rate at 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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