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Economy in Brief

FOMC Holds Rates Steady; Asset Sales to Begin Soon
by Tom Moeller  July 26, 2017

At today's meeting of the Federal Open Market Committee, the targeted federal funds rate was held steady in a range of 1.00% to 1.25%. This followed two increases earlier this year.

Additionally, the Fed indicated that shrinking its bondholdings would begin "relatively soon."

The Fed expects moderate economic growth to continue and that inflation would stabilize near its two percent objective.

The press release for today's FOMC meeting can be found here.

Haver's SURVEYS database contains the economic projections from the Federal Reserve Board.

Current Last 2016 2015 2014 2013
Federal Funds Rate Target 1.00%-1.25% 1.00%-1.25% 0.40% 0.13% 0.09% 0.11%
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