FOMC STATEMENT COMPARE:

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
Newsquawk headlinesUTC

FED ANALYSIS: Rates on hold, removes forward guidance, adds emphasis on reaching inflation target, hawkish dot plot shift

WATCH LIVE: FOMC Press Conference

FOMC STATEMENT COMPARE:

Proposal to electronically sign the Iran-US memorandum of understanding has been raised before the trip to Geneva, reports Fars citing a source

Brazil's President Lula says didn't ask for bilateral with Trump, we're already in talks

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.

JUNE STATEMENT

The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote:

The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system.

Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little.

Inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability.

Related headlines

The whole workspace, free to try.

Try it free