Federal Reserve Expected To Maintain Interest Rates, According To Latest Announcement

According to PANews, the Federal Reserve is set to announce its latest decision on interest rates and monetary policy statement. This announcement is scheduled for 2:00 AM Beijing time on Thursday, June 13. A few hours prior, the U.S. Department of Labor will release the latest inflation data. Jerome Powell's press conference will take place at 2:30. It is widely anticipated that the Federal Reserve will maintain the benchmark interest rate within the range of 5.25% - 5.50%, a rate that was set in July of the previous year.