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January FOMC Meeting Minutes: ‘Further’ Hikes Possible

January FOMC Meeting Minutes: ‘Further’ Hikes Possible

The last Federal Open Market Committee (or FOMC) meeting was on January 30 and January 31. At this meeting, the target range for the Federal Funds target rate was left unchanged at 1.3% to 1.5%. This decision by the members was made after assessing current economic conditions and the outlook for economic activity.