The Federal Reserve will maintain its tight monetary policy. Here are the reasons

By José Arnulfo Rodríguez San Martín* By José Arnulfo Rodríguez San Martín* By José Arnulfo Rodríguez San Martín* By José Arnulfo Rodríguez San Martín The U.S. Federal Reserve resumed the upward cycle of its reference rate and at its monetary policy meeting on July 26 increased it by 25 basis points to 5.50%, the highest rate since April 2001.