The FOMC reduced the federal funds rate by 25 basis points to 4.5%–4.75%, citing solid GDP growth, easing inflation, and resilient labor markets. Despite progress, core inflation at 2.7% remains elevated, and risks in commercial real estate and household debt warrant monitoring.

Effective communication, transparency, and a data-driven approach are integral to the central bank’s efforts to promote sustainable economic growth, job creation, and price stability.