The U.S. Federal Reserve (Fed) kept its benchmark interest rate unchanged at 3.5-3.75% after its June 16-17 meeting.
This marks the fourth consecutive meeting with no rate change.
It was the first meeting following Jerome Powell's departure and Kevin Warsh's appointment as chair.
The Fed noted that economic activity continues to expand at a solid pace despite elevated uncertainty partly related to the Middle East conflict.
Inflation remains above the 2% target, partly reflecting supply shocks in sectors including energy.
The next meeting is scheduled for July 28-29.
