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๐Ÿšจ Federal Reserve Update

โ€ข The Fed has kept interest rates unchanged for the fifth meeting in a row.

โ€ข The benchmark rate remains at 3.50%โ€“3.75% after a 9-3 vote.

โ€ข Policymakers Hammack, Kashkari, and Logan voted in favour of raising rates.

โ€ข The Fed said the US economy continues to grow at a healthy pace, even with ongoing uncertainty.

โ€ข Officials noted that hiring remains steady and is keeping up with labour force growth.

โ€ข The central bank reaffirmed its commitment to bringing inflation back to its 2% target.
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