The Fed keeps the benchmark interest rate unchanged, and may raise interest rates twice by the end of 2023, raising the overall inflation forecast to 3.4%

At 2 pm Eastern time on June 16, the Federal Open Market Committee (FOMC) announced interest rate resolutions, policy statements, and quarterly economic expectations (SEP), and then Fed Chairman Powell held a press conference. Maintaining the benchmark interest rate in the range of 0-0.25% and the US$120 billion bond purchase plan did not explicitly mention […]

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