Federal Reserve left its interest rates unchanged in line with expectations

The Federal Reserve (Fed) announced on Wednesday that it has kept its Federal Funds Target Range (FFTR) unchanged at 4.25%–4.50%, in line with broad market expectations.

This decision follows the 25 basis point rate cut in December as the Fed continues to navigate the delicate balance between supporting economic growth and managing inflation. Investors await the remarks and clues from Fed Chair Jerome Powell’s post-FOMC meeting press conference, looking for the upcoming direction of the most important assets, including the USD, and gold.