US Fed had stayed on hold for its rates as expected.

The US Fed had maintained status quo for its rates as expected.  Let's take a look at the latest updates.

The latest Fed dot plot showed that there would be 1 last rate hike in 2023.

The latest SEP table also showed that the PCE inflation would be above 3% in 2023.  Thus, it was unlikely that the FED would reduce its rates in 2023 as the FED wanted to bring the US inflation rate down to 2%.