Wednesday, August 1, 2018

BREAKING Fed Holds Rates Steady


The Federal Reserve Open Market Committee, the Fed's monetary policy committee, has just completed its two days of deliberation and has announced that, as expected, it will not change the levels on interest rates it controls.

The Fed funds rate will remain at the set target range of between 1.75% and 2.0%.

A rate hike is expected by many Fed observers following the September 25-26 FOMC meeting.

The full statement is here.

-RW