There were changes in the interest rates this time but the Federal Reserve left doors open for a hike in June when the Federal Open Market Committee meets next on June 14 and15.

The recent from FOMC remained more or less the same as the earlier one and gave no strong indications regarding the decision that will be taken during the meeting in June. The intention of the Federal Reserve will surface in three weeks as the minutes for this meeting are released.

Right now the Fed officials are still suggesting there will be two rate hikes in the ongoing year which is down from the previously suggested four.

The Fed officials will follow economic data releases closely and will keep an eye mainly on the labor market figures. That includes new job creation numbers, unemployment claims, wage rates and the unemployment rate. As of now, the overall labor numbers appear to be good and supportive of a June increase in the interest rate.

After the recent two day meeting, the Fed said, "The committee continues to closely monitor inflation indicators and global economic and financial developments."