Thursday, July 28, 2016

Fed keeps US rate hike on hold


The Federal Reserve has decided not to raise interest rates, maintaining the ultra-low level they have been at since December 2015.
The US central bank opted to keep rates between 0.25% and 0.5%.
The Fed said "near-term risks to the economic outlook have diminished," but inflation remained below the bank's target.
It is still expected to raise rates twice this year. Investors expect the first increase to come in autumn.


http://www.bbc.com/news/business-36908353