Federal Reserve keeps interest rates unchanged, calls economic activity “strong”

• August 1, 2018
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance, Your Real Estate Life

The Federal Reserve has kept its benchmark interest rate target unchanged amid what it calls a “strong” period for economic growth and job creation.

On Wednesday, the Fed kept its benchmark target range at 1.75%-2% in its latest policy statement, in-line with expectations from investors ahead of the announcement.

“Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate,” the statement said.

“Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Household spending and business fixed investment have grown strongly.”

No mentions of tariffs or other specific risks to the economic outlook were mentioned.