Summary of key points from the Federal Reserve FOMC statement.

1. Interest rate decision: Keep the target range for the federal funds rate unchanged at 3.75%4%. 2. Vote result: Passed 10 to 2, with Cook and Hammack dissenting and advocating a 25 basis point rate hike. 3. Economic assessment: Economic activity has been expanding at a strong pace; geopolitical developments bring uncertainty, but domestic spending remains resilient; productivity growth is strong, and capital investment is solid. 4. Labor market: Employment growth has kept pace with the labor force, and the unemployment rate has changed little. 5. Inflation judgment: Inflation remains elevated; more information is needed to determine the appropriate policy stance to ensure that inflation returns to the 2% target in a timely manner. 6. Policy stance: Continue to maintain the policy of ample reserves in the banking system; the Committee reaffirms that it will achieve price stability.