The Federal Reserve left interest rates unchanged as broadly expected. Chair Powell and his colleagues also maintained market expectations unchanged for September with an 80% chance for a move on the cards. There were some minor changes to the language: the FOMC now sees the economy as strong rather than solid and inflation holds on near the target and does not need to approach the target anymore. Markets did not move too much on the news as trade concerns carry a much bigger weight.
Here is the live coverage as it happened:
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