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

FOMC keeps interest rate unchanged in July

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.

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …