July 2015 US FOMC meeting: Rate to rise after further job market gains

Details from the US Fed’s FOMC monetary policy meeting 29 July 2015
– Leaves Fed Funds rate in 0.0% – 0.25% range
– Unanimous 10-0 vote for unchanged
– Repeats sees inflation rising to 2.0% target over medium term
The initial response is the expected disappointment that the Fed haven’t set up the prospect of a date. The dollar dropped but has bounced right back to opening levels