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Fed is expected to hold rates steady
It is expected that the U.S. Federal Reserve will decide during its meeting at the end of July to keep interest rates steady at a level between 3.5% and 3.75%. This is to give the U.S. economy a chance to absorb the effects of previous rate hikes and to maintain inflation at the target of 2%. Although inflation has decreased, the central bank continues to monitor closely and remains cautious before making new decisions, with the inflation indicator still under scrutiny. The outcomes of the meeting will influence the movements in gold, currency, and stock markets, as markets rely on the Fed’s future statements to determine upcoming trends.
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