Federal Reserve left its policy rate unchanged at 3.50–3.75% as widely expected, but the updated projections and statement revealed a subtle shift in the outlook. Known dove Governor Stephen Miran dissented in favor of a 25bps cut. The statement struck a balanced tone, noting that “economic activity has been expanding at a solid pace” while […]The post Fed holds, still sees one cut this year and next despite higher inflation appeared first on ActionForex.