This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in March.

Text removed from the March statement is in red with a horizontal line through the middle.

Stream NBC4 newscasts for free right here, right now.

  WATCH HERE

Text appearing for the first time in the new statement is in red and underlined.

Black text appears in both statements.

We have the news you need to know to start your day. Sign up for the First & 4Most morning newsletter — delivered to your inbox daily.

  SIGN UP

Watch Fed Chair Jerome Powell's press conference here.

Read: Fed holds rates steady as it notes rising uncertainty and stagflation risk

Also on CNBC

• The Fed meets this week with uncertainty in the air. Here's what to expect
• Utilities, financials, tech: What investors are buying ahead of Fed rate meeting
• Wobbling economy will push the Fed to cut rates later this year, CNBC survey finds

Subscribe to the CNBC YouTube Channel

Morning Squawk Newsletter