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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.