Federal Reserve meeting —
At its 31 July 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.
The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.
Meeting documents
Background reading
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