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Published on Thursday, July 28, 2016 | Updated on Friday, July 29, 2016

FOMC Statement: July 26-27th Meeting

Fed uses July statement to re-prime the policy normalization pump. Unprecedented for a tightening cycle, Fed delays rate increase for 5th consecutive meeting. Improvements in domestic conditions move committee closer to resuming normalization. Uncertainty and U.S. elections will complicate possibility of rate increases in September