Federal Reserve Maintains Interest Rate at 1% – 1.25% Range
Washington | 26th July 2017
Federal Reserve releases FOMC (Federal Open Market Committee) statement maintaining Fed rate at the target range of 1% – 1.25%. Inflation on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee’s 2 percent objective over the medium term.
” Fed Maintain Interest Rate at 1% – 1.25% Range “
The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.
Official Press Release by Federal Reserve
- Visit: Federal Reserve
- About us: Federal Reserve
Join the Rise of Asia. Share a Story, Article or Photo here. For Press Release, visit here.
About The Wealth Times The Wealth Times is the premier economic & financial media for Asia. Covering Asia’s most relevant developments in economy, business and finance. Asia is the world’s fastest growing economy with GDP exceeding $25 trillion and powered by 4.4 billion people. Where should you invest your capital for the next decade? Which are the fastest growing companies in Asia? Which is the most exciting sector to be in? Which are the top cities to be in? Which country has new economic policies? Who are the most influential leaders? Who are the top business leaders?
