BREAKING: Fed leave rates unchanged

• The Federal Reserve paused interest rates, keeping them unchanged at 3.50-3.75%.
• Two members, Stephen Miron and Christopher Waller, dissented from the decision.
• The Fed's statement upgraded economic activity from a 'moderate pace' to a 'solid pace'.
• The committee signaled a shift in its focus from job market conditions back to inflation.

The Federal Reserve announced its decision to leave interest rates unchanged at 3.50-3.75%, with two members dissenting from the vote. The accompanying statement indicated an upgrade in economic activity to a 'solid pace' and a shift in the Fed's focus from job market conditions back to inflation.