India, July 30 -- The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged for the fifth consecutive meeting.
In support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.
The decision to leave rates unchanged was not unanimous, however, as Fed Governors Michelle Bowman and Christopher Waller preferred to lower rates by a quarter percentage point.
In its accompanying statement, the Fed noted recent indicators suggest U.S. economic growth moderated in the first half of the year after describing the pace of growth as "solid" after its previ...