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The Federal Reserve left interest rates in the US unchanged

The Federal reserve announced its decision to leave the interest rate for August unchanged at 1%-1,25%.

However, according to the report, work has begun on the preparation for the reduction of quantitative easing and the reduction in reserves, reached in the framework of 4.5 trillion dollars.

The reduction will begin in September with 10 of billions of dollars each quarter will increase up to $ 50 billion per month. Upon completion of the program the reserves of the Central Bank should be reduced to 2 trillion dollars.

The Federal Reserve left interest rates in the US unchanged 27.07.2017

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