US interest rates to remain unchanged

Though the Federal Reserve are optimistic that the near-term risks to the US economy have diminished, they have held steady on raising interest rates for at least another two months due to inflation remaining below the bank’s 2% target. Federal interest rates remain unchanged at 0.25% to 0.5%, again, marking a dramatic shift in expectations of four rate rises at the start of the year.  The Fed will meet three more times this year- September, November and December, with most analysts expecting an increase at its next meeting in September.