🏦*FOMC LEAVES RATES UNCHANGED AS EXPECTED

*FED PROJECTIONS: 13 OFFICIALS SEE HIKE BY END-2023 VS 7 (MARCH)

*FED KEEPS BENCHMARK RATE ON HOLD, MAINTAINS $120B BOND-BUY PACE *FED MEDIAN PROJECTIONS SHOW TWO RATE INCREASES BY END-2023 *FED CHANGES IOER RATE TO 0.15% VERSUS 0.10%

https://www.federalreserve.gov/monetarypolicy/files/monetary20210616a1.pdf