Fed Leaves Rate Unchanged

U.S Federal Reserves (The Fed) decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent, said the central bank on Wednesday (26/7). The action followed other central banks (CBs) in the world to hold the rates. “In view of realized and expected labor market conditions and inflation, the Committee said The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation,” Said Fed’s chair Janet Yellen in the press statement.