Fed Holds Rates Steady at 3.50%-3.75% in June Meeting
The Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75% following its June meeting, matching market expectations.
At its June meeting, the Federal Reserve voted to maintain the federal funds target range at 3.50%–3.75%, in line with market consensus.
The decision marks a pause in the current tightening cycle, with the central bank citing ongoing economic uncertainty. No forward guidance was provided in the initial statement.
Source: FXStreet Forex News