The Federal Reserve has maintained the federal funds rate at 4.25-4.5%.

The Federal Reserve System (FRS) of the United States has maintained the target range for the federal funds rate at 4.25-4.5%.

This is stated in a statement from the Federal Open Market Committee (FOMC).

"The Committee aims to achieve maximum employment and an inflation rate of 2% in the long term. The Committee believes that the risks to achieving the goals of employment and inflation are roughly balanced. Economic prospects are uncertain, and the Committee is carefully considering risks on both sides of its dual mandate," the statement reads.

The FRS noted that economic activity continues to develop at a stable pace, as evidenced by recent indicators. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain steady. Inflation remains somewhat elevated.

Background. Previously, Mind reported that in September of last year, the Federal Reserve System of the United States lowered the target interest rate range to 4.75–5.00% for the first time in four years.

Read more about this in the Mind article Decisive Rate Cut by the FRS: Why Now? We explain what this means for the global economy