YEREVAN, July 30. /ARKA/. The US Federal Reserve, following its meeting on July 28-29, has kept the target range for the federal funds rate at 3.5-3.75% per annum, RBC reports, citing a statement from the American regulator.
Thus, the rate remains unchanged for the fifth consecutive meeting.
The Fed noted that economic activity in the US continues to grow at a steady pace, despite ongoing heightened uncertainty. Labor productivity and investments are showing high growth, employment is increasing along with the workforce, and the unemployment rate has not changed significantly.
At the same time, inflation remains above the Fed's target of 2%. The regulator attributes this, in part, to supply shocks that have affected prices in certain sectors, including energy.
Three members of the meeting opposed keeping the rate unchanged, arguing that it would be appropriate to raise it by 0.25 percentage points.
This is the second meeting of the Federal Open Market Committee chaired by Kevin Warsh, who took over as head of the Fed in May 2026.
At previous meetings in January, March, April, and June, the regulator also kept the rate at 3.5-3.75% per annum. The next Fed meeting is scheduled for September 15-16.
