Open Demo Account
Home / Breaking News / FOMC keeps interest rate unchanged in July
FOMC minutes
FOMC minutes

FOMC keeps interest rate unchanged in July

Mohamed Abdelhamid 31 July, 2024 10:00 pm Breaking News, Forex Market, Market Update

The US Federal Reserve (Fed) announced on Wednesday that it left the policy rate, the federal funds rate, unchanged at the range of 5.25%-5.5% following the July policy meeting. This decision came in line with the market expectation.

Federal Reserve officials were widely expected to leave their key interest rate unchanged on Wednesday, keeping it at the two-decade high of 5.3 percent for a 12th straight month in a bid to slow economic growth and crush inflation.

Tags

Check Also

SNB Holds Rates at 0% as Expected; Focus Shifts to Schlegel’s Press Conference for Policy Signalsserves

The Swiss National Bank (SNB) kept interest rates unchanged at 0%, in line with expectations.Market …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends