Federal Reserve meeting —
At its 1 May 2024 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 recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective.
Meeting documents
Background reading
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