FOMC Statement: Fed Holds Key Rate Steady as Coronavirus Spreads

2020-07-31T12:40:42-04:00Financial Reports|

Wednesday's post-meeting statement of the Federal Reserves Federal Open Market Committee reaffirmed its concern over the coronavirus pandemic and its impact on the economy and health of all Americans. The Committee voted to hold its benchmark target federal funds range at 0.00 percent to 0.25 percent. Analysts do not expect the Fed to raise its key interest rate more than once in the next three years.