Federal Reserve meeting —

At its 7 May 2025 meeting, the Federal Reserve held its policy rate at 4.25–4.50%. The decision passed 12-0.

Decision

hold — 4.25–4.50% to 4.25–4.50%

Vote: 12-0

Key passages

the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent.

Rate hold as expected; no change to current policy.

In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks.

Reaffirms data-dependent approach; no explicit bias on next move.

Meeting documents

Background reading

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