WuShuo has learned that the Federal Reserve decided, with 9 votes in favor and 3 votes against, to maintain the federal funds rate target range at 3.50%–3.75% and continue ensuring ample reserves in the banking system. The statement noted that despite higher uncertainties caused by factors like the Middle East conflict, U.S. economic activity continues to expand steadily, with strong productivity and capital investment. Employment growth is roughly in sync with labor force growth, and the unemployment rate remains largely unchanged. Inflation is still above the 2% target, partly due to supply shocks in sectors like energy. Beth Hammack, Neel Kashkari, and Lorie Logan cast dissenting votes, advocating for a 25 basis point rate hike at this meeting. https://(wublock123.com)/news/news-65563