🚨🇺🇸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.

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