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Federal Reserve

USD Β· Official Website

Latest Statement

βš–οΈ Neutral
The Fed - Monetary Policy
2026-01-28

The Federal Open Market Committee (FOMC) held its annual organizational meeting to elect members and officers for the upcoming term, confirming key leadership positions and operational directives. The Committee also approved minor changes to its Open Market Operations directives to align with recent policy directions.

Bank Profile

Mandate
Dual mandate: maximum employment and price stability (2% PCE inflation)
Decision Types
Federal funds rate target range, Quantitative easing/tightening, Forward guidance
Policy Instruments
Open market operations, Discount window, Reserve requirements, Interest on reserves
Target Indicators
PCE inflation (2%), Unemployment rate, GDP growth, Core PCE
Communication Style
Data-dependent, measured, forward guidance focused with dot plot projections
Committee
Federal Open Market Committee (FOMC) - 12 voting members

Economic Indicators

Policy Rate3.62%
EUR/USD1.1784
GDP Growth1.8%
M2 Growth-1.2%
10Y Yield4.04%
2y10y Spread+0.61%
Credit Spread0.52%
HISTORICAL TRENDS
Policy Rate
5.383.62
FX Rate
1.201.18
CPI
8.001.23
GDP
6.06-2.16
10Y Yield
4.304.03
2Y-10Y Spread
0.740.60
Stance
75.00.00

Key Commodities

Top traded commodities for United States

Commodity Price 1D 30D
WTI Crude Oil 66.36 USD/barrel -0.5% +14.9%
Natural Gas (Henry Hub) 3.13 USD/MMBtu -0.6% +7.2%
Copper 12,986.61 USD/mt +10.1% +53.2%

Recent Statements

Federal Reserve Board - Federal Reserve issues FOMC statement πŸ•ŠοΈ Dovish
2026-01-28
⚑ Rate
↑0 ↓0 β†’1
πŸ—£ Dissent
↑0 ↓1
πŸ“ Classified Sentences
πŸ—£ Dissent Dovishmp_interest_rate
"Voting against this action were Stephen I. Miran and Christopher J. Waller, who preferred to lower the target range for the federal funds rate by 1/4 percentage point at this meeting."
⚑ Rate Holdmp_interest_rate
"In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3.5 to 3.75 percent."
The Fed - Monetary Policy πŸ•ŠοΈ Dovish
2025-12-10
⚑ Rate
↑0 ↓2 β†’0
πŸ—£ Dissent
↑1 ↓1
πŸ“ Classified Sentences
πŸ—£ Dissent Hawkishmp_interest_rate
"two preferred to leave the target range unchanged"
⚑ Rate Cutmp_interest_rate
"In support of the Committee's goals and in light of the shift in the balance of risks, nine members agreed to lower the target range for the federal funds rate by 1/4 percentage point to 3-1/2 to 3-3/4 percent."
⚑ Rate Cutmp_interest_rate
"In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-1/2 to 3-3/4 percent."
πŸ—£ Dissent Dovishmp_interest_rate
"the other preferred to lower the target range 1/2 percentage point"
Federal Reserve Board - Federal Reserve issues FOMC statement πŸ•ŠοΈ Dovish
2025-12-10
⚑ Rate
↑0 ↓1 β†’0
πŸ—£ Dissent
↑1 ↓1
πŸ“ Classified Sentences
πŸ—£ Dissent Hawkishmp_interest_rate
"Austan D. Goolsbee and Jeffrey R. Schmid preferred no change to the target range for the federal funds rate at this meeting"
⚑ Rate Cutmp_interest_rate
"In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-1/2 to 3-3/4 percent."
πŸ—£ Dissent Dovishmp_interest_rate
"Stephen I. Miran preferred to lower the target range for the federal funds rate by 1/2 percentage point at this meeting"
The Fed - Monetary Policy πŸ•ŠοΈ Dovish
2025-10-29
⚑ Rate
↑0 ↓1 β†’0
πŸ—£ Dissent
↑1 ↓1
πŸ“ Classified Sentences
πŸ—£ Dissent Hawkishmp_interest_rate
"Jeffrey R. Schmid preferred no change to the target range for the federal funds rate at this meeting"
⚑ Rate Cutmp_interest_rate
"In support of the Committee's goals and in light of the shift in the balance of risks, almost all members decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent."
πŸ—£ Dissent Dovishmp_interest_rate
"Stephen I. Miran preferred to lower the target range for the federal funds rate by 1/2 percentage point at this meeting"
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