The US Federal Reserve (FED) left the interest rate constant at 5.50%.
๐งโโ๏ธ FED officials think that there has been progress on the 2% inflation target in recent months.
๐งโโ๏ธ FED President Jerome Powell:
"Inflation has fallen significantly but remains at a very high level."
๐งโโ๏ธ FED President Jerome Powell:
We maintain our restrictive policy stance.
๐งโโ๏ธ FED President Jerome Powell:
Inflation data did not provide enough confidence to cut interest rates this year.