text: Fed Wrap – Hawkish hold keeps Fed data dependent
  Ryan Weldon, from IFM’s Debt Investments Team in New York, features in our Fed Wrap Market Update videos discussing central bank themes in debt markets, with a particular focus on the US Federal Reserve.
  In this edition, Ryan discusses the outcomes of the June Federal Reserve meeting, the key points from the press conference and what to watch ahead of the next meeting.
  At the June meeting, the Federal Reserve held rates, maintaining the upper band of their policy rate at 5.25%. The statement had only minor changes from the previous meeting, with the Fed continuing to highlight the expansion of economic activity, the robust jobs growth and low unemployment, and the elevated inflation.