From Investing.com: 2024-06-11 04:46:00

The Federal Reserve decided to maintain the federal funds rate at 5.25%-5.50% during its May meeting, marking the sixth consecutive time the rate has remained unchanged. The likelihood of a Fed rate cut in September has significantly increased to 70%, up from 50%, due to indicators of a cooling labor market and downward revisions in labor costs. The US Dollar Index (DXY) is currently in a downtrend, testing the 104.00 level, with potential further decrease if dovish statements from Fed officials materialize. The Federal Open Market Committee will convene on June 11-12 to decide on key interest rates in the US economy.



Read more at Investing.com: FOMC: What Can We Expect From the Upcoming US Key Interest Rate Decision?