The U.S. Federal Reserve on Wednesday kept the target range for the federal funds interest rate unchanged at 3.5 percent to 3.75 percent at its first policy meeting of 2026.
The decision follows three consecutive rate cuts in the second half of 2025.
"Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has shown some signs of stabilization. Inflation remains somewhat elevated," said the Federal Open Market Committee (FOMC) in a statement.
"In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent," the statement said.
"In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks," the statement said.
The FOMC reiterated its commitment to supporting maximum employment and returning inflation to its 2 percent objective.
Of the 12 FOMC members, 10 voted for keeping the rate unchanged. Stephen Miran and Christopher Waller voted against the action, preferring to lower the interest rate by 25 basis points at the meeting.
US Fed keeps interest rate unchanged at 3.5-3.75 pct
US Fed keeps interest rate unchanged at 3.5-3.75 pct
More than 20 films will hit Chinese screens during the three-day Qingming Festival holiday from Saturday to Monday, spanning genres from revolutionary historical dramas, realism movies to suspense thrillers, according to the China Film Administration on Thursday.
Revolutionary historical films such as Blood-Spattered Cliff, Eight Sons, Eight Soldiers, and Half Of The Quilt, will pay tribute to martyrs through the lens.
Three films -- It's OK, Now I Met Her, and Sunshine Women's Choir -- tell moving stories of love, growth, and reconciliation.
It's OK is a contemporary family comedy that follows a mother and daughter navigating their joyful yet turbulent relationship. Now I Met Her tells a rebellious teenager who gets to know his late mother through her old diary. Sunshine Women's Choir, a film from the Taiwan region of China, portrays the "perfect" maternal love of "imperfect mothers."
The suspense film Game of Identity tells the story of two people from different backgrounds who accidentally swap lives, setting off an unexpected adventure. The documentary films Seeking Nature: The Code of Life, and Missions to the Moon (Part One) explore the connection between humanity and science.
Imported films from different countries, including The Super Mario Bros. Movie 2, Project Hail Mary, and Hoppers, will deliver spectacular cinematic experiences to audiences.
The Qingming Festival, or Tomb-Sweeping Day, falls on April 5 this year. It is a traditional Chinese festival for honoring the deceased and paying tribute to ancestors. The holiday also provides a short break for Chinese citizens as they engage in outdoor activities and sightseeing.
Over 20 films expected to hit Chinese screens during Qingming Festival Holiday
