The Fed left the interest rate range unchanged at 1.75-2.00%. According to National Bank of Canada’s analysts, Paul-André Pinsonnault and Krishen Rangasamy, the Fed remains on course to raise interest rates in September. Key Quotes: “The Fed also says both headline and core inflation “remain near 2%”, a more confident statement compared to June’s depiction of “have moved close to 2%”.” “The decision to leave rates unchanged was unanimous within the FOMC.” “The Fed’s statement did nothing to change market expectations of the path of interest rate hikes this year. Yet, the FOMC is now more positive about consumer spending (which accounts for 70% of the economy) and also sounded slightly more comfortable about inflation.” “There are indeed signs of mounting cost pressures (e.g. employment cost index) and the Fed may want to nip inflation in the bud before it intensifies. Moreover, thanks to revisions, U.S. real GDP growth this year (Q4/Q4) is on track to top even the most optimistic forecast in the Fed’s last summary of economic projections.” “The Fed remains on course to raise interest rates in September, a meeting that will coincide with the release of new economic projections.” 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 expected to deliver two more rate hikes in 2018 and another two in 2019 – Wells Fargo FX Street 5 years The Fed left the interest rate range unchanged at 1.75-2.00%. According to National Bank of Canada's analysts, Paul-André Pinsonnault and Krishen Rangasamy, the Fed remains on course to raise interest rates in September. Key Quotes: "The Fed also says both headline and core inflation "remain near 2%", a more confident statement compared to June's depiction of "have moved close to 2%"." "The decision to leave rates unchanged was unanimous within the FOMC." "The Fed's statement did nothing to change market expectations of the path of interest rate hikes this year. Yet, the FOMC is now more positive about consumer spending… 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.
