BOSTON, MA, January 29, 2025 — The Federal Open Market Committee (FOMC) met today to assess the state of the U.S. economy and monetary policy. For its opening meeting of 2025, the FOMC left the Federal Funds Target Rate unchanged at 4.25-4.50%, meeting market expectations. Inflation data lingers above the Fed’s 2% target, reflective of elevated prices in services.

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