The Federal Reserve left interest rates unchanged at its March meeting for the fifth straight time as inflation remains high for many Americans. Policymakers also clarified that plans to cut rates may be pushed out further but remained committed to three cuts this year. 

"The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," policymakers noted in a statement. 

The decision, which was widely expected, keeps the federal funds rate between a range of 5.25% to 5.5%, a 22-year-high. This will also keep rates for mortgages, loans and credit cards at elevated levels. 

The CME’s FedWatch Tool, had expected as many as six rate cuts at the start of the year, but now with three baked in, the Federal funds rate would be at 4.6% by year's end.... Read More: FOX Business