The Federal Open Market Committee (FOMC) has decided to keep the target range for the federal funds rate at 3-3/4 to 4 percent, supporting its dual mandate. The decision, made by a 10-2 vote, reflects ongoing economic expansion, resilient domestic spending, strong productivity growth, and robust capital investment. Despite elevated inflation and geopolitical uncertainties, job gains have matched workforce growth, with little change in the unemployment rate. The Committee aims to ensure a timely return of inflation to its 2 percent goal.