- Fed held federal funds rate steady.
- Statement: strong economic activity, resilient spending, robust investment, elevated inflation, elevated uncertainty.
The Fed held rates steady. Two FOMC members dissented in favor of a hike. The statement nodded toward another increase. Asian currencies mixed. Focus turns to US PCE data Thursday. Treasury yields rose. BOJ meeting starts. RBA likely to hike next week.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.