The Fed keeps US interest rates in the range between 3.50% and 3.75% per year.

THE Federal Open Market Committee (FOMC)of Federal Reserve (Fed)The Central Bank maintained, this Wednesday (29), the basic interest rate of the United States in the range between 3.50% and 3.75% per year. This was the third consecutive meeting in which the authority did not change the rate, keeping it at the level established in January. The current level is 0.75 percentage points below that observed in April 2025.

"Recent indicators suggest that economic activity has been expanding at a solid pace. Job creation has remained low on average, and the unemployment rate has shown little change in recent months. Inflation is high, partly reflecting the recent rise in global energy prices," the FOMC explained.

The decision was widely expected by the market, but it was not unanimous among the voting members: Stephen Miran voted for a 0.25 pp cut. Shortly, at 3:30 PM, the chairman of… FedJerome Powell will hold a press conference to provide further clarification on the decision and likely signals regarding the institution's next steps in conducting US monetary policy. The next meeting of FOMC It will be on June 16th and 17th.

This text was translated by machine from Brazilian Portuguese.