The US Federal Reserve's Open Market Committee is meeting to decide whether to increase interest rates. Most analysts don't expect rates to change right now, but they'll be watching closely for any indications on a rise later this year.
Federal Reserve Chair Janet Yellen has told the US Congress that interest rates will not have to rise much further. Politicians are concerned that three rate rises have taken place amid an uneven economic recovery.
The Federal Reserve has announced the second interest rate hike this year, lifting it by 0.25 percent to 1-1.25 percent. That's the highest level since 2008, when rates were cut in the wake of the financial crisis.
The US economy saw "slight to moderate" growth in June while signs of mounting inflation remained scarce, according to a report by the Federal Reserve. The weak wage increase is seen as a setback for US citizens.
ECB chief Mario Draghi is expected to highlight the euro area's strengthening economy while underlining the need for caution as the bank inches toward ending its stimulus. But interest rates will not rise anytime soon.
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