Reported 3 months ago
The Federal Reserve decided to keep the federal funds rate unchanged at the July meeting, maintaining a target range of 5.25% to 5.5%. The committee noted improved balance in the risks to employment and inflation goals, indicating progress towards its 2% inflation target. The decision was unanimous, with alternate voting from Chicago Fed President Austan Goolsbee due to the retirement of Loretta Mester.
Source: YAHOO