BREAKING: FOMC keeps rates unchanged!

7:00 PM 14 June 2023

FOMC announced its latest monetary policy decision today at 7:00 pm BST. There was no surprise - rates were held unchanged with Fed Funds rate remaining in the 5.00-5.25% range. This was the first time in 15 months when the Fed decided to keep the level of interest rates unchanged.

A new set of economic projections showed a higher GDP growth forecast for 2023 as well as lower unemployment rate. However, Fed sees less progress on core inflation than it did in March projections. When it comes to dot-plot, median end-2023 rate forecast increased to 5.6% while end-2024 rate forecast is 4.6%

Start investing today or test a free demo

Create account Try a demo Download mobile app Download mobile app

Investors' attention now turns to the press conference of Fed Chair Powell, which is scheduled to begin at 7:30 pm BST.

FOMC sees higher rates than it did in March projections as well as higher GDP growth and slower progress on core inflation. Source: Federal Reserve

June dot-plot. Source: Federal Reserve

Back

Market News

31.07.2025

22:04

Amazon falls 3 % despite revenue growth 📣👀

Amazon’s second-quarter results beat lofty expectations: revenue rose 13 % y/y to USD 167.7 bn and diluted EPS reached USD 1.68, far above consensus....

18:43

Daily summary: Wall Street gains on tech earnings, euro catches breath, gold rebounds (31.07.2025)

U.S. indices are rising today on the back of strong Big Tech earnings. The S&P 500 is up 0.5%, the Nasdaq gains 0.8%, while the Dow Jones is...

15:32

US OPEN: Microsoft and Meta earnings extend Big Tech rally (31.07.2025)

Wall Street rallies today on most recent Big Tech earnings that come as reassuring amid concerns about potential overvaluation of technological megacaps...

More news

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.

Losses can exceed deposits

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days