July 30, 2026:
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday (July 29, 2026) despite persistently high inflation and a spike in energy prices caused by the Iran war. The Fed’s rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%. Three Fed officials dissented in favor of a rate increase, and Fed Chair Kevin Warsh described the policy discussion to reporters as a “good family fight.” Inflation has been stuck above the central bank’s 2% target for more than five years and Wall Street still expects a rate hike in September.
July 29, 2026:
WASHINGTON (AP) — Federal Reserve policymakers are losing patience with inflation, which has been stuck above their 2% target for more than five years. But they may not be ready to turn their frustration into action by raising interest rates — not this week anyway. Meeting in Washington Tuesday and Wednesday (July 28-29, 2026), the Fed is expected to keep its benchmark interest rate unchanged. Members of the central bank’s rate-setting committee may not be so reluctant to act when they gather again next Sept. 15-16. Overall, only 29% of Wall Street traders predict that the Fed will raise rates this week. But 76% foresee a rate hike in September.
Comments