As a result of the meeting held on July 26-27, the U.S. Federal Reserve issued a Statement.
It notes that the country’s labor market shows positive trends.
The level of activity in the economy is growing, but the growth rate is moderate. New job growth has accelerated somewhat.
Consumer spending recorded a significant increase. However, inflation remains low. According to Fedrezerv, it is unlikely that in the near future it will be possible to achieve the goal of consumer price growth rate of 2 percent.
The Open Market Operations Committee also noted a decrease in the negative impact of short-term risks on the country’s economy.
In general, the Fed’s statement is calm. The Committee has indicated its intention to closely monitor the situation both domestically and globally.
Changing monetary policy is possible, but at a moderate pace.
The Fed’s interest rates were maintained by an overwhelming majority of votes at 0.25-0.50 percent.
The decision is in line with analysts’ forecasts.
