Fed Makes No Changes to the Federal Funds Rate Target
- michaelarbogast1
- 2 days ago
- 1 min read
On January 28, 2026, the Federal Reserve announced its Federal Open Market Committee (FOMC)'s decision to hold the target range for the federal funds rate at 3.50 to 3.75%. This departed from its reduction to the target range announced in its December 10, 2025 statement. In deciding to hold the range steady, the FOMC stated:
job gains have remained low;
the unemployment rate has "shown some signs of stabilization"; and
inflation "remains somewhat elevated."
The FOMC's next meeting is scheduled for March 17 through March 18, 2026, and the related FOMC statement would normally be issued around 2pm NYC time.
The attached file is a marked version of the FOMC's latest statement showing changes from the December 10, 2025 statement.