While announcing its widely expected decision to leave interest rates unchanged, the Federal Reserve on Wednesday signaled that it plans to continue its asset purchase program until the economy shows substantial progressed towards the central bank's goals of maximum employment and price stability.
The Fed said it decided to keep the target range for the federal funds rate at 0 to 1/4 percent, which is where the target range has remained since an emergency rate cut in March.
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Forex News
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.