Board of Governors of the Federal Reserve System

4-1/4 to 4-1/2 percent, effective June 20, 2025. Consistent with the FOMC's...4.4 percent, effective June 20, 2025. At today's meeting, the Board also

4-1/4 to 4-1/2 percent, effective March 20, 2025. Consistent with the ...4.4 percent, effective March 20, 2025. At today's meeting, the Board also

good-to-excellent condition. Consumer Spending Overall, consumer spending...good-to-excellent condition in most of the region after recent rains,

hard-to-serve markets such as immigrants or people without a relationship...day-to-day financial decisionmaking. For example, through an understanding

low-to-moderate incomes and minorities did not appear to fully benefit...day-to-day decisionmaking. For example, through an understanding of compounding

to reduce the possibility, however remote, that the adjustment will involve

year-to-date through November. Moreover, most contacts suggested that ...year-to-date though November. While job growth remained strong in the

low-to-mid price range, activity inched up for higher priced homes in ...mid-to-upper price range sold very quickly in the D.C., area, with the

loan-to-value ratios and were requiring higher credit scores on new home...to take what they can get." Contacts reported little to no new construction

back-to-school shopping. In contrast, a department store contact in Virginia...back-to-school shopper traffic and the state's recent tax-free holiday