🧙‍♂️ The US Federal Reserve (FED) left the interest rate constant at 5.50%.

🧙‍♂️ FED officials think that there has been progress on the 2% inflation target in recent months.

🧙‍♂️ FED President Jerome Powell:

"Inflation has fallen significantly but remains at a very high level."

🧙‍♂️ FED President Jerome Powell:

We maintain our restrictive policy stance.

🧙‍♂️ FED President Jerome Powell:

Inflation data did not provide enough confidence to cut interest rates this year.