Mumbai, Jan. 29 -- Following three straight interest rate cuts to close out 2025, the Federal Reserve on Wednesday announced its widely expected decision to leave rates unchanged following its first monetary policy meeting of 2026.
The Fed said it decided to maintain the target range for the federal funds rate at 3.50 to 3.75 percent following three consecutive quarter point rate cuts.
As with other recent decisions, the choice to leave rates unchanged was not unanimous, as Fed Governors Stephen I. Miran and Christopher J. Waller preferred cutting rates by another quarter point.
The Fed said the decision to leave rates unchanged came amid elevated uncertainty about the economic outlook.
The central bank also said it remains attentive to...