US EditionFed holds rates steady but sees first double dissent in three decades
UNITED STATES, JUL 30 – The Federal Reserve maintained rates at 4.25%-4.5% due to inflation above target and a strong labor market despite two governors voting for cuts, marking the first dual dissent in over 30 years.
- On July 30, 2025, the Federal Open Market Committee voted 9-2 to keep its rate in the 4.25%–4.50% range for the fifth time this year.
- Amid repeated pressure from President Donald Trump, who called for rate cuts and criticized Powell over a $2.5 billion renovation project, the Fed held rates steady.
- Policymakers pointed to inflation ticked up last month and unemployment remaining at 4.1%, supporting the decision to hold rates steady.
- Investors reacted as market odds for a September rate cut rose to 61% after the Fed held rates steady, with two governors dissenting for the first time in over three decades.
- According to the CME FedWatch tool, about 60% of markets see a rate cut at the next meeting, and Ulrike Hoffmann-Burchardi said, "We continue to expect the Fed to resume policy easing in September, cutting rates by 100 basis points over the next 12 months.
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Fed Keeps Interest Rates, Texas Redistricting, US Middle East Envoy In Israel : Up First from NPR
The Federal Reserve held interest rates steady this week despite demands for lower rates from President Trump, Republicans in Texas released a proposal for a new state congressional map, and the US special envoy to the Middle East is traveling to Israel at a moment when the UN warns Gaza is on the verge of all out famine.Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newslette…
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Total News Sources209
Leaning Left41Leaning Right18Center67Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 33%
C 53%
14%
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