Fed keeps benchmark interest rate unchanged
The U.S. Federal Reserve ended its two-day monetary policy meeting on 31 July local time, announcing that it would keep the target range for the federal funds rate unchanged between 5.25% and 5.5%. This is the eighth consecutive meeting since September last year, the Fed maintained interest rates unchanged, in line with market expectations.
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The White House has canceled the previously scheduled President’s Council of Advisors on Science and Technology meeting, which was set for Friday and includes prominent tech leaders such as Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg. The Department of Energy's meeting page briefly listed November 13 as the new meeting date, but the agency later sent an email retracting this information. Currently, the specific date for rescheduling the meeting remains unclear.
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