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Fed Holding Rates Steady

Fed Holding Rates SteadyFed Holding Rates Steady

The US Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation, Reuters reported. Central to the debate at the Fed’s July 26-27 policy meeting will be how to reconcile upbeat US economic data, highlighted by strong job gains in June, with a global growth slowdown and other headwinds threatening the inflation trajectory. The inflation measure the Fed prefers to track is currently at 1.6%.

Financialtribune.com