Fed News .
The economy has been growing steadily, and unemployment has stayed low recently. The job market is doing well, but inflation is still higher than ideal.
The Committee aims to balance two goals: keeping unemployment low and bringing inflation down to 2% over the long term. However, there is now more uncertainty about the economy's future.
For now, the Committee has decided to keep interest rates within the range of 4.25% to 4.5%. They will monitor incoming data to decide if and when they need to adjust rates. Starting in April, they will reduce the rate at which they are selling Treasury securities, while keeping the same pace for selling certain other types of securities. These actions are meant to support their goal of reducing inflation to 2%.
They will continue to analyze various factors, such as jobs, inflation, and global events, to make decisions about monetary policy. If any significant risks threaten their goals, they are ready to adjust their approach.
The economy has been growing steadily, and unemployment has stayed low recently. The job market is doing well, but inflation is still higher than ideal.
The Committee aims to balance two goals: keeping unemployment low and bringing inflation down to 2% over the long term. However, there is now more uncertainty about the economy's future.
For now, the Committee has decided to keep interest rates within the range of 4.25% to 4.5%. They will monitor incoming data to decide if and when they need to adjust rates. Starting in April, they will reduce the rate at which they are selling Treasury securities, while keeping the same pace for selling certain other types of securities. These actions are meant to support their goal of reducing inflation to 2%.
They will continue to analyze various factors, such as jobs, inflation, and global events, to make decisions about monetary policy. If any significant risks threaten their goals, they are ready to adjust their approach.
Monthly real gross domestic product (GDP) is estimated to have grown by 0.5% in February 2025, with growths in all main sectors, following January 2025 which showed no growth (revised up from a fall of 0.1% in our previous publication). Real GDP is estimated to have grown by 0.6% in the three months to February 2025, compared with the three months to November 2024, mainly because of growth in the services sector. Monthly services output grew by 0.3% in February 2025, following unrevised growth of 0.1% in January 2025, and grew by 0.6% in the three months to February 2025.