The US Federal Reserve Has Put Interest Rates On Hold For The First Time Since 2022

On June 14, local time, the US Federal Reserve Board ended a two-day monetary policy meeting and announced that the current target range of the federal funds rate of 5% to 5.25% was unchanged, in line with market expectations, which is also the first time that the Federal Reserve has pressed the "pause button" since the aggressive rate hike cycle began in March last year. Since the start of the interest rate hike cycle last year, the Federal Reserve has raised interest rates 10 times in a row, with a cumulative increase of 500 basis points, and the federal benchmark interest rate has risen from 0% to 0.25% to 5% to 5.25%.