India, Jan. 29 -- After cutting interest rates for three straight meetings, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged following its first monetary policy meeting of 2025.
The Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent in support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.
The decision to leave rates unchanged came as the Fed noted inflation remains "somewhat elevated" and reiterated its strong commitment to returning inflation to its 2 percent objective.
Notably, the Fed removed a phrase included in previous statements indicating that inflation has "made progress"...