Here's What the Federal Reserve Just Said About the U.S. Economy
The Federal Reserve's policy-making Federal Open Market Committee (FOMC) just wrapped up its July meeting, and as expected, it left interest rates unchanged. The target range for the benchmark federal funds rate remains at 0% to 0.25%, where is expected to stay -- at least for the duration of the COVID-19 pandemic.
Additionally, the FOMC only releases economic projections at four of its eight meetings each year, and this wasn't one of those. So we don't know how the policy makers' views on GDP growth, unemployment, or the future direction of interest rates have changed.
Image source: Getty Images.
Source Fool.com
