In a move largely telegraphed by Federal Reserve Chairman Jerome Powell, the Fed has declared that it will "act as appropriate" to sustain the U.S. economic expansion amid increasing uncertainties about the outlook for the economy.
The Fed announced its widely expected decision to leave interest rates unchanged on Wednesday, with the focus largely on the wording of the accompanying statement.
The statement said the Fed continues to see a sustained economic expansion, a strong labor market, and inflation near its 2 percent target as the most likely outcomes but noted uncertainties about this outlook have increased.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.