"It sounded a reasonably upbeat tone, not a big difference from last time, but a reasonably upbeat tone," said Kathy Jones, chief fixed income strategist at Charles Schwab and Co. The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the US economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year. The Fed is most likely to wait until December to raise rates, according to a Reuters poll of economists. The US central bank said the economy had expanded at a moderate rate and job gains were strong in June. While Fed policymakers said they continued to closely monitor inflation data and global economic and financial developments, they indicated less worry about possible shocks that could push the US economy off course.

Source: Bueno Aires Herald July 27, 2016 18:33 UTC