The Federal Reserve left the federal funds rate steady at the 4.25%–4.50% target range for a fifth consecutive meeting in July 2025, in line with expectations.
Policymakers noted that although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year. The unemployment rate remains low, and labor market conditions remain solid.
In addition, inflation remains somewhat elevated, and uncertainty about the economic outlook persists. The Fed reinforced that additional adjustments to the target range for the federal funds rate will depend on incoming data, the evolving outlook, and the balance of risks.
Source : Trading Economics
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