Federal Reserve rate decision: Rates held unchanged

• The Fed The Fed "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of Read this Term previously hiked rates on May 3 to 5.00-5.25%
• Statement continues to say "inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term remains elevated"
• Recent indicators suggest that economic activity has continued to expand at a modest pace
• Job gains have been robust in recent months
• "Holding the target range steady at this meeting allows the Committee to assess additional information and its implications for monetary policy.".
• The statement continues to highlight 'the extent of additional policy firming' that may be appropriate
• No dissents
• Fed Chair Jerome Powell will hold a press conference at the bottom of the hour

The big story is the dot plot, with the median moving all the way to 5.6%, which implies two more hikes. That has the market reeling. The US dollar is higher across the board with USD/JPY to 139.90 from 139.45.