The Federal Reserve held interest rates steady during its July meeting.still, some economists prognosticate the Fed will cut interest rates in September. The nation’s central bank did not give interest rate relief to Americans — yet. On Wednesday, the Federal Open Market Committee blazoned it would be leaving interest rates unchanged, continuing the pause that began last fall. The decision comes after continued positive profitable data the consumer price indicator, which measures affectation, rose3.0 time over time in June, cooling down from May’s3.3 reading. And with the labor request decelerating down while avoiding a recession, the Fed might have the substantiation it needs to cut interest rates at its coming meeting in September. ” After a lack of progress toward our 2 percent affectation ideal in the early part of this time, the most recent yearly readings have shown modest farther progress,” Fed Chair Jerome … Read more