1. Interest rate decision: Keep the federal funds rate target range unchanged at 3.75% to 4%. 2. Voting results: Passed 10-2, Cook and Hamak voted against and advocated an interest rate hike of 25 basis points. 3. Economic assessment: Economic activity is expanding at a strong pace; geopolitics bring uncertainty, but domestic spending remains resilient; productivity growth is strong, and capital investment is steady. 4. Job market: Employment growth keeps pace with the labor force, and the unemployment rate has not changed much. 5. Inflation judgment: Inflation is still high; more information needs to be accumulated to determine appropriate policy positions to ensure that inflation returns to the 2% target in a timely manner. 6. Policy position: Continue to maintain the banking system's sufficient reserve policy; the Commission reaffirms that it will achieve price stability.

Zhitongcaijing · 4d ago
1. Interest rate decision: Keep the federal funds rate target range unchanged at 3.75% to 4%. 2. Voting results: Passed 10-2, Cook and Hamak voted against and advocated an interest rate hike of 25 basis points. 3. Economic assessment: Economic activity is expanding at a strong pace; geopolitics bring uncertainty, but domestic spending remains resilient; productivity growth is strong, and capital investment is steady. 4. Job market: Employment growth keeps pace with the labor force, and the unemployment rate has not changed much. 5. Inflation judgment: Inflation is still high; more information needs to be accumulated to determine appropriate policy positions to ensure that inflation returns to the 2% target in a timely manner. 6. Policy position: Continue to maintain the banking system's sufficient reserve policy; the Commission reaffirms that it will achieve price stability.