U.S Fed holds rates steady at 3.5-3.75%
The U.S Federal Reserve kept its benchmark interest rate unchanged at a range of 3.50% to 3.75%, a decision widely expected by markets, as the Federal Open Market Committee (FOMC) continued to weigh elevated inflation against a resilient labour marke
July 29, 2026 (MLN): The U.S Federal Reserve kept its benchmark interest rate unchanged at a range of 3.50% to 3.75%, a decision widely expected by markets, as the Federal Open Market Committee (FOMC) continued to weigh elevated inflation against a resilient labour market. The move was approved by a 9-3 vote, with the central bank maintaining its policy of holding ample reserves in the banking system, according to a...