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US Federal Reserve set to hold interest rates steady, remains on track for more hikes

Updated : July 31, 2018 12:28 PM IST

The Federal Reserve is expected to keep interest rates unchanged on Wednesday but solid economic growth combined with rising inflation are likely keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates.
The US central bank so far this year has increased borrowing costs in March and June, and investors see additional moves in September and December.
Policymakers have raised rates seven times since December 2015.
US Federal Reserve set to hold interest rates steady, remains on track for more hikes

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