This month, the Federal Open Market Committee (FOMC) — a division of the Federal Reserve responsible for setting monetary policy — met once again to evaluate the health of the economy and make key decisions regarding the federal funds rate.
本月，联邦公开市场委员会（FOMC）是负责制定货币政策的美联储的一个部门，再次开会以评估经济健康状况，并就联邦资金利率做出关键决定。
Following a series of interest rate hikes between March 2022 and July 2023, which were intended to help reverse rising inflation, the Fed held its benchmark rate steady for over a year. However, in September 2024, the Fed decided to lower the federal funds rate by a whopping 50 basis points. It cut its target rate by another 25 bps in November, and again in December.
在2022年3月至2023年7月之间的一系列利率上升之后，旨在帮助扭转通货膨胀率上升，美联储将其基准利率稳定了一年。但是，在2024年9月，美联储决定将联邦资金利率降低50个基点。它在11月和12月再次将目标率降低了25个基点。
In all of its 2025 meetings so far, however, the Fed decided to hold the federal funds rate steady at a range of 4.25% to 4.50%.
然而，在到目前为止的所有2025年会议中，美联储决定将联邦资金利率保持在4.25％至4.50％的范围内。
These decisions impact not only how the economy functions as a whole but also everyday consumers, as they influence rates on savings accounts, credit cards, mortgages, and more.
这些决定不仅影响了经济的整体运作方式，而且会影响消费者，因为它们会影响储蓄账户，信用卡，抵押贷款等的价格。
Statements and forecasts released during FOMC meetings provide valuable information on the economic outlook. Knowing when the Fed meets to discuss monetary policy and make important decisions can help you get a snapshot of the economy’s overall health and adjust your own financial strategy accordingly.
FOMC会议期间发布的声明和预测提供了有关经济前景的宝贵信息。知道美联储何时开会讨论货币政策并做出重要决定可以帮助您获得经济整体健康状况的快照，并相应地调整自己的财务战略。
Read more: Should you open a savings account or CD before the Fed's next meeting?
阅读更多：您应该在美联储下次会议之前打开储蓄帐户或CD吗？
When is the next Fed meeting?
下一次美联储会议什么时候？
The FOMC holds eight regularly scheduled meetings per year. Its most recent meeting took place May 6-7, 2025. The next one is scheduled for mid-june.
FOMC每年举行八次定期安排的会议。它的最新会议是2025年5月6日至7日举行的。下一届会议定于6月中旬举行。
Here's the Fed's full meeting schedule for 2025:
这是美联储2025年的完整会议时间表：
January 28-29
1月28日至29日
March 18-19*
3月18日至19日*
May 6-7
5月6日至7日
June 17-18*
6月17日至18日*
July 29-30
7月29日至30日
September 16-17*
9月16日至17日*
October 28-29
10月28日至29日
December 9-10*
12月9日至10日*
* Meeting associated with a Summary of Economic Projections.
*与经济预测摘要相关的会议。
At these meetings, policymakers assess the health of the economy by evaluating economic indicators such as the Consumer Price Index (CPI), gross domestic product (GDP), and the unemployment rate to shape monetary policy.
在这些会议上，决策者通过评估经济指标（例如消费者价格指数（CPI），国内生产总值（GDP）和塑造货币政策的失业率）来评估经济健康状况。
The minutes of regularly scheduled meetings are released three weeks after the date of the policy decision. The live press conferences held by Federal Reserve Chairman Jerome Powell are also livestreamed and recorded.
定期会议的会议记录是在政策决定之日三周发布的。美联储主席杰罗姆·鲍威尔（Jerome Powell）举行的现场新闻发布会也被直播和记录。
Once each meeting concludes, the FOMC releases its policy decisions at 2 p.m. Eastern time. Then the Fed Chairman holds a press conference at 2:30 p.m.
每次会议结束后，FOMC将在下午2点发布其政策决定。东部时间。然后，美联储主席在下午2:30举行了新闻发布会。
Read more: How the Federal Reserve rate decision affects mortgage rates
阅读更多：美联储的决定如何影响抵押贷款利率
What to expect from the next Fed meeting
下次美联储会议的期望
The next meeting is expected to provide Americans with an update on the federal funds rate. The Fed lowered its target rate in September, November, and December 2024, but did not make any new changes so far in 2025.
预计下一次会议将为美国人提供有关联邦资金利率的最新消息。美联储在2024年9月，11月和12月降低了其目标率，但在2025年迄今未做出任何新变化。
"In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent," the FOMC wrote in a recent statement."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 Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities...The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective."
FOMC在最近的一份声明中写道：“为了支持其目标，委员会决定将联邦资金利率的目标范围保持在4-1/4％至4-1/2％。”在考虑对联邦资金利率的目标范围进行额外调整的范围和时间安排时，委员会将仔细评估传入的数据，不断发展的前景和风险平衡。委员会将继续降低其对国库券和代理机构抵押贷款的持有以及机构抵押证券的持股...委员会委员会强烈承诺支持最大的就业和返回其2％的目标。”
Experts believe that the Fed will reduce the federal funds rate again in 2025. However, the number and size of these rate cuts remains to be seen.
专家认为，美联储将在2025年再次降低联邦资金利率。但是，这些削减税率的数量和规模仍有待观察。
Read more: How much control does the president have over the Fed and interest rates?
阅读更多：总统对美联储和利率有多少控制权？
Frequently Asked Questions
常见问题
Is the Fed going to cut rates again?
美联储要再次降低利率吗？
It’s not possible to predict with certainty what the Fed will decide regarding the federal funds rate. That said, many economists expect two rate cuts this year.
不可能确定美联储对联邦资金利率的决定。也就是说，许多经济学家预计今年将有两次降低。
How often does the Fed meet to change interest rates?
美联储会开会一次以改变利率？
The FOMC holds eight regularly scheduled meetings per year. But this doesn’t necessarily mean the committee will decide to change rates at every meeting. Members assess the economy's performance and the committee adjusts monetary policy accordingly.
FOMC每年举行八次定期安排的会议。但这并不一定意味着委员会将决定在每次会议上改变利率。成员评估经济绩效，委员会对货币政策进行了相应的调整。
What is the Fed’s target interest rate?
美联储的目标利率是多少？
The Fed’s current target range is 4.25%-4.50%.
美联储目前的目标范围为4.25％-4.50％。
