Details from the US Fed's FOMC monetary policy meeting 29 July 2015
- Leaves Fed Funds rate in 0.0% - 0.25% range
- Unanimous 10-0 vote for unchanged
- Repeats sees inflation rising to 2.0% target over medium term
- Risks to economy and job market outlook is nearly balanced
- Labour market continued to improve, job gains are solid
- Business investments and net exports stayed soft
- Repeats wants to be reasonable confident on inflation
- Labour slack has diminished since early this year
- Economy expanding moderately in recent months
- Consumer spending is moderate
- Housing needs more improvement
The initial response is the expected disappointment that the Fed haven't set up the prospect of a date. The dollar dropped but has bounced right back to opening levels
