US Fed Meeting Highlights

The US Federal Reserve announced its interest rate decision after a two-day Federal Open Market Committee (FOMC) meeting.

Fed leaving the benchmark interest rates unchanged at 5.25 per cent - 5.50 per cent for the sixth straight meeting.

Lack of further progress on inflation, economic outlook uncertain, says Fed.

Fed to slow down pace of balance-sheet runoff starting in June.

The Federal Reserve's next policy rate move is unlikely to be an increase, Fed Chair Jerome Powell said.

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