The US Fed left the target funds rate unchanged at 1.5 to 1.75%. The notable change was the addition of the word “symmetric” to its 2% inflation objective.In the May meeting, the Fed target funds rate remained the same at 1.5 to 1.75%. The next rate hike is likely to occur in the June meeting. The Fed Fund futures has priced in 100% probability for interest rates to be at 1.75 to 2.0% in the next meeting.