← All issues Lehigh Valley Economic Review
The FED held its rate steady
The Fed, under a new chairman in his second Federal Open Market Committee (FOMC meeting in July, held its rates constant, the same as in the four previous meetings in 2026. The last time the Fed changed its rates was a 25-basis-point cut last December.The Fed cited economic and employment growth and considered inflation, which is higher than its 2% goal as a result of a supply shock, implying that it is temporary, as the committee WILL deliver price stability.
The rest of this issue is for subscribers
Subscribing is free. Enter the address you subscribed with and the full issue opens — on this device it stays open for a year.
Never shared or sold. Unsubscribe in one click.