FOMC concludes this week as investors widely expect the U.S. Fed to keep interest rates on hold because of complicated conditions.
That is because employment data was strong in June while inflation remains moderate and below the central bank’s 2 percent target. Policymakers will also have to consider the impact of the UK’s vote to leave the European Union.
The Brexit decision has added more uncertainty to an already weak global economic recovery. The Fed will release an official statement after its two-day policy meeting on Wednesday.
