Breaking: Fed leaves interest rate unchanged at 5-5.25% as expected

The US central bank announced on Wednesday that it left the policy rate, federal funds rate, unchanged at the range of 5-5.25% following the June policy meeting. This decision came in line with the market expectation.

The Fed will release the revised Summary of Economic Projections (SEP), the so-called dot plot, and FOMC Chairman Jerome Powell will comment on the policy decisions and economic outlook in the post-meeting press conference.