Markets Await US Fed’s Meeting
The focus of the markets is at the meeting of the US Federal Reserve, which will be held July 25-26. Investors do not expect a rate hike, but rely on any hint of the regulator on whether it will raise the interest rate this year, and how many times. The Fed raised its benchmark interest rate to 1-1.25% in June.
Inflation in the US remains well below the Fed's target of 2%. Too low inflation, as a rule, slows down consumer spending, the main force in the US economy. Low inflation is likely to become a key point of the Fed's discussion.
According to recent data, the inflation rate, which controls the Fed, has grown to only 1.4% over the past 12 months.