Steadily kept the interest rates borrowing the US Federal Bank (Fed), after the end of the two -day meeting of the July Monetary Policy.
According to the Fed decision, lending rates remained in the range of 4.25% to 4.5%.
At the same time, federal bank officials have downgraded their opinion on the US economy, which is an indication that policy makers may be approaching the reduction of borrowing costs.
At the same time, federal bank officials have downgraded their opinion on the US economy, which is an indication that policy makers may be approaching the reduction of borrowing costs.
“Although fluctuations in net exports continue to affect the data, recent indicators suggest that the increase in economic activity was mitigated in the first half of the year,” officials said in a statement after the meeting. The Fed had previously described growth as an expanding “steady pace”.
The Federal Open Market Committee voted 9-2 to maintain the federal reference rate in a range of 4.25%-4.5%, as it has done at each meeting this year. Commanders Christopher Waller and Michelle Bowman voted against the decision in favor of a quarter of the unit.
Most policymakers have argued that the Fed should abstain from interest rates to measure the impact of duties on inflation. Many have also stressed that their strong labor market has allowed them to remain patient.
The committee’s decision to remain stable once again defies the strong pressures of President Donald Trump to reduce interest rates. Earlier on Wednesday, in a post on social media, Trump said the Fed “now has to reduce the interest rate”.