Here Are the Five Big Takeaways From This Week's Fed Meeting
The 9-3 vote marked the first three-way dissent in the same direction since 2016 as traders raised odds of a year-end hike.
- On Wednesday, July 29, 2026, the Federal Reserve kept the federal funds rate steady at 3.5% to 3.75%, marking its fifth consecutive hold despite three policymakers dissenting in favor of a 25-basis-point hike.
- The Federal Open Market Committee cited elevated inflation relative to its 2% goal, prompting internal division over policy tightening. Lorie Logan of Dallas, Beth Hammack of Cleveland, and Neil Kashkari of Minneapolis cast the dissenting votes.
- Federal Reserve Chairman Kevin Warsh described the meeting as a "rigorous review of the economic situation," welcoming internal debate as a "family fight." He emphasized the committee remains dedicated to controlling inflation.
- The Dow Jones Industrial Average fell 2.19% on Wednesday as markets reacted to the decision. Long-term Treasury yields soared, with the 30-year bond rising 11.5 basis points to 5.211%, signaling investor concerns.
- CME FedWatch data indicates a 90% probability of a rate hike by January 2027 as traders anticipate policy tightening. The Federal Reserve faces a potential credibility test in September if inflation pressures persist over summer.
12 Articles
12 Articles
In a split decision, the United States Federal Reserve (Fed) kept its interest rate unchanged between 3.50 and 3.75 percent, marking the fifth consecutive monetary policy meeting without adjustment.
Bitcoin hovers near $64K after Fed decision; futures open interest hits 2-month high
Bitcoin hovered near $64,000 after the US Federal Reserve kept interest rates unchanged at 3.50%-3.75%, while futures open interest climbed to a two-month high, signalling higher leveraged activity. Bitcoin traded at $64,062, up 0.26% in 24 hours, while Ethereum slipped 0.07%. Among major altcoins, BNB, Solana and Tron gained, whereas XRP, Dogecoin and Cardano declined.
Dailyfly - Lewis Clark Valley News
Federal Reserve holds interest rates steady for seventh-consecutive month
The Federal Reserve opted to maintain its benchmark interest rate in the target range of 3.5% to 3.75% on Wednesday, marking a continued pause in monetary policy adjustments despite ongoing pressure from above-target inflation. The decision by the Federal Open Market Committee left key borrowing costs unchanged, as policymakers weighed stable economic expansion against stubborn price increases across key consumer sectors. The policy outcome was …
Fed Holds Interest Rate Steady: What It Means for Bitcoin, Crypto, and Global Markets?
The Federal Reserve has decided not to change the current interest rates. The decision has sparked a positive sentiment in the crypto market. Fed Chair Warsh has revealed three major reasons for the central bank’s decision. Following the July 28-29 FOMC meeting, the Federal Reserve has finally announced the much-awaited interest rate decision. As largely expected, the Fed has reportedly held the interest rates unchanged at 3.50%-3.75%. This reve…
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