New Delhi, Jan. 29 -- As widely expected, the US Federal Open Market Committee (FOMC) on January 28 maintained a status quo on policy rates, after cutting rates in three consecutive policy meetings in September, October, and December last year. The Committee decided to keep the target range for the federal funds rate at 3.5% to 3.75%, its lowest level since 2022.

The Fed has decided to hold rates steady after reducing the federal funds rate by 0.75 percentage points in 2025. The decision comes on the back of the Committee's assessment of economic activities, which it finds "expanding at a solid pace."

The FOMC noted that "job gains have remained low, and the unemployment rate has shown some signs of stabilisation. Inflation remains some...