Fed stands pat, notes solid economy and elevated inflation

As expected, Fed held its benchmark interest rate unchanged at 4.25–4.50% for the fourth consecutive meeting, with a unanimous vote from the FOMC. In its post-meeting statement, Fed acknowledged that recent data have been influenced by fluctuations in net exports, but emphasized that overall economic activity continues to expand at a “solid pace.” The statement […]

The post Fed stands pat, notes solid economy and elevated inflation appeared first on Action Forex.