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Central Bank Profile · On Hold · Prototype

🇺🇸 Federal Reserve

United States · Currency: USD · Chair (placeholder)

Policy Rate
5.25%–5.50%
prototype
Inflation Target
2.0% (PCE)
prototype
CPI Inflation
2.2%
2028 · imf
GDP Growth
+2.1%
2028 · imf
Stance
On Hold
prototype
Mandate

Dual mandate: maximum employment and 2% inflation (PCE).

Last decision: Held federal funds range steady

Recent Rate History

  1. -12M5.00%–5.25%+25 bp
  2. -9M5.25%–5.50%+25 bp
  3. -6M5.25%–5.50%Hold
  4. -3M5.25%–5.50%Hold
  5. Recent5.25%–5.50%Hold

Recent Statements

  • Recent

    “Committee judges risks to its dual mandate moving into better balance.”

  • -3M

    “Inflation has eased but remains somewhat elevated.”

  • -6M

    “Further confidence is needed before cuts begin.”

Observed Market Reaction (Last Decision)

Currency
USD +0.20%
Bonds
10Y +3 bp
Equities
S&P 500 -0.10%

Upcoming Data to Watch

  • Core PCE
    Next 7 days
  • Non-farm payrolls
    Next 12 days
  • FOMC decision
    Next 18 days

Related Economic Intelligence Events

Federal Reserve holds rates, signals data-dependent pause
FOMC kept the target range at 5.25–5.50% and emphasized patience as services inflation cools more slowly than goods.
US CPI eases to 3.1% YoY; core services still elevated
Headline inflation dipped on energy; core remained sticky at 3.4% YoY driven by shelter and insurance.
US payrolls beat at +272K; unemployment ticks up to 4.1%
Headline jobs strong but household survey shows softening; wage growth moderates to 4.0% YoY.