Federal Reserve Leaves Rates Unchanged, Barely Acknowledges Its Monstrous Balance Sheet

The Federal Reserve kept interest rates unchanged following its May policy statement, but failed to include any new details about the future of its massive $4.5 trillion balance sheet.

Nick Colas, chief market analyst at Convergex, expects more details on the future of the central bank's balance sheet during Chair Janet Yellen's annual speech in Jackson Hole, Wyo. in late August.