1st LD: U.S. Fed holds interest rate steady for 5th time in a row

NAMPA / Xinhua
2026-07-29
NEW YORK, July 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday kept the target range for the federal funds rate unchanged at 3.5 to 3.75 percent, as widely expected by the market. The move marks the Fed's fifth monetary policy meeting in a row with a wait-and-see stance, while expectations for an interest rate hike build up for the coming months. Nevertheless, three members of the Federal Open Market Committee voted against the decisio......
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