U.S. Federal Reserve Board Meeting (25-26 July 2017)

The U.S. Federal Reserve, following the meeting held on July 25 and 26, made the decision on the interest rate, which was expected by the vast majority of investors and traders. It was left at the current level, i.e. in the range of 1 to 1.25 percent.

The Fed’s statement notes that currently the total value of the assets on the balance sheet of the regulator is 4 trillion 500 billion dollars. Their contraction will begin “relatively soon”.

The country has maintained moderate economic growth. The labor market situation is improving.

Inflation is below the target of 2 percent. Fed believes that the target of consumer price growth can be achieved in the medium term.

The timing and size of interest rate changes will depend on economic indicators and their consistency with forecasts. For some time, the key rate is likely to be lower than expected in the long term. Says the U.S. regulator in a statement.

When discussing the resolution of disputes among the members of the Open Market Operations Committee, there was no disagreement. It was supported unanimously.
The next meeting of the U.S. Federal Reserve Board will be held on September 19 and 20.