Following its 2-day meeting, the Federal Open Market Committee announced that it kept the benchmark interest rate unchanged in the target range of 1.75% – 2% in a widely expected decision. Below are key quotes from the monetary policy statement, via Reuters. Economic activity has been rising at a strong rate; job gains have been strong in recent months and unemployment rate has stayed low. Inflation remains near two percent, longer-term inflation expectations little changed. Household spending and business fixed investment have grown strongly. Repeats expects further gradual increases in fed funds rate will be consistent with sustained economic expansion, strong jobs market and inflation objective. Near-term risks to the economy appear “Roughly balanced”. Repeats that stance of monetary policy remains accommodative. Fed vote in favor of policy was unanimous. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FOMC monetary policy statement – Aug 1 – full text FX Street 5 years Following its 2-day meeting, the Federal Open Market Committee announced that it kept the benchmark interest rate unchanged in the target range of 1.75% - 2% in a widely expected decision. Below are key quotes from the monetary policy statement, via Reuters. Economic activity has been rising at a strong rate; job gains have been strong in recent months and unemployment rate has stayed low. Inflation remains near two percent, longer-term inflation expectations little changed. Household spending and business fixed investment have grown strongly. Repeats expects further gradual increases in fed funds rate will be consistent with sustained economic expansion,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
