🚨🇺🇸Urgent, here is the statement issued by the US Federal Reserve
1. The Fed leaves interest rates unchanged for the fifth straight meeting
2. The Fed continues to expect 3 interest rate cuts in 2024
3. Core PCE inflation forecast for 2024 raised to
2.6%
4. Fed says inflation 'declined but remains high'
5. Fed doesn't expect rate cuts until inflation moves 'more confidently' to 2%
6. The Fed now sees just two rate cuts in 2025, and smaller cuts in 2026.
