Analysts react to Federal Reserve leaving interest rates unchanged

"This wasn't a "pause", it was a "skip". With the economy performing better than expected and inflation pressures remaining persistent, Fed officials chose to maintain a hawkishly data-contingent bias in this afternoon's statement and dot plot… Policymakers are clearly trying to shift from 'higher' toward 'longer' in their communications strategy as they work to prevent a counter-productive easing in financial conditions. But the fundamentals also support this strategy - signs of excess demand are everywhere in the U.S. economy, and headwinds remain remarkably subdued." - Corpay’s Karl Schamotta on this afternoon’s Fed decision.

Read the Reuters article here.