Federal Reserve holds interest rates unchanged

[thenews]

Highlights of the FOMC decision on July 27, 2016

• FOMC leaves fed funds rate in range from 0.25% to 0.50%, as expected
• Near term risks to economic outlook have diminished
• George dissented again in favor of a hike (after removing dissent last month)
• Economic activity has been expanding at a moderate rate
• Near-term risks to the economic outlook have diminished.
• The labor market strengthened
• Household spending has been growing strongly but business fixed investment has been soft
• No change in inflation rhetoric