A News Agency

In a statement from the Fed, it was noted that while fluctuations in net exports affected the data, recent indicators show that economic activity continues to expand at a solid pace. It was emphasized that the unemployment rate remains low and labor market conditions remain strong, while adding, "Inflation has increased slightly."

The statement highlighted the committee's long-term goal of achieving maximum employment and 2% inflation: "Uncertainty about the economic outlook has decreased, but remains high. The committee is paying attention to risks to both sides of its dual mandate."

The statement also included the following:

"The committee decided to maintain the target range for the federal funds rate at up to 4.25% to support its goals. When considering the scope and timing of any additional adjustments, the committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The committee will continue reducing its holdings of Treasury securities, agency debt, and agency mortgage-backed securities. The committee is committed to supporting maximum employment and returning inflation to the 2% target."

"In assessing the appropriate stance of monetary policy, the committee will continue to monitor the implications of incoming information for the economic outlook. If risks emerge that could impede the committee’s goals, it is prepared to adjust the stance of monetary policy as appropriate. The committee’s assessments will take into account a wide range of information, including labor market conditions, inflation pressures and expectations, and financial and international developments."