- The Federal Reserve did not cut interest rates, as was expected. With little question over whether the Fed would cut, investors turned their attention to the central bank’s outlook for the future of interest rates. The Fed kept its forecast from March of two interest rate cuts.
Investors were treated to another predictable Fed meeting. Interest rates remained the same, which had been all but a certainty in the lead-up to Wednesday’s decision. The Federal Reserve maintained its position that the economy was stable, even as uncertainty among participants was rising.
