The FED did what was expected of them and did not change the interest rate, and it could be that it will remain that way for the foreseeable future. The FOMC statement was more dovish than expected. There are a few things that really stand out and among them are the fact that more members (6) now see only 1 rate hike this year. Back in March this was only 1, so this means the outlook has drastically changed. As such the likelihood for 2 rate hikes this year diminished although the official outlook is still for 2 rate hikes this year. This is totally different from the outlook we had back in December when the FED raised the interest rate and expected to be able to increase the rate 4 times this year. In any case, the outlook for the interest rate itself has also been lowered, and so has the growth forecast for the coming years. That is not even taking into account a possible Brexit and a slowdown of the Chinese economy.