July 28, 2016 BY Valentina Kirilova

Fed issues FOMC statement, interest and discount rate remain unchanged

The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on July 27, 2016: • The Board of Governors of the Federal Reserve System left unchanged the interest rate paid on required and excess reserve balances at 0.50%. • As part…

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