📉The Federal Reserve has decided to maintain benchmark interest rates unchanged.
🔮The Fed signaled future rate cuts when there is more confidence in inflation moving towards the target.
📚The statement removed language indicating a possible rate hike, indicating a shift towards a more accommodative stance.
⚖️The Fed acknowledged that risks to achieving employment and inflation goals are moving into a better balance.
💰Market expectations of rate cuts were already priced in, so the decision was not surprising.