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Federal Reserve holds rates at 3.50%, 3.75%, three dissent

financeJul 29, 202676248

The Federal Open Market Committee voted 9-3 to keep the federal funds rate at a range of 3.50 percent to 3.75 percent, with three regional bank presidents preferring a 25 basis point hike. Chair Kevin Warsh held a news conference after the decision, saying the committee focused on overall trends rather than any single data point and calling the meeting a “good family fight.” The Fed cited elevated inflation partly driven by supply shocks, including higher energy prices after a tenuous US‑Iran peace development, even as cooler inflation data published earlier this month had eased immediate expectations for a hike. The three dissenters were Dallas Fed President Lorie Logan, Cleveland Fed President Beth Hammack, and Minneapolis Fed President Neel Kashkari; it was the first time in a decade that three board members jointly dissented on policy. Warsh signaled a move away from forward guidance, has created five taskforces to rethink Fed communications and policy tools, and said interest rates could be used as “part of that solution.” The split vote leaves policymakers positioned to consider future rate increases if inflation stays elevated and keeps markets and lawmakers watching the Fed’s next policy steps.

Jon Cooper
@joncooper-us.bsky.social

The Federal Reserve held interest rates steady today, but left the door open to raising rates in the future if inflation remains high. Its rate-setting committee voted 9-3 to leave its short-term borrowing rate between 3.5% and 3.75%. Three members dissented, preferring to raise rates by 1/4 point.

1407h ago
They Say6

Trump is destroying the economy.

Radical left wing scum4

He's new, and probably gun shy about raising rates since Trump wants them lowered (bad idea) and historically the stock market sinks on rate hikes. Personally I'm waiting for Wall Street to wake up about the state of the economy and when that happens it's going to be a stock market crash.💥

practicalman.bsky.social1

The Federal Reserve is an incompetent organization. In 2021 they reduced the benchmark rate to zero and you could get a home mortgage loan for 2% interest. This created a home buying frenzy, It was like the Gold Rush, people over bid each other and prices skyrocketed. Nice work Federal Reserve. NOT!

jranft.bsky.social1

Could not be funnier. Trump put Warsh in there to lower rates only, and he can't because of Trump's stupid war and tarriffs.

Bryan Dawson
@bryandawsonusa.bsky.social

⚠️Fed holds interest rates steady as inflation raises pressure for a hike: The central bank left rates unchanged for a fifth straight meeting, holding off on an increase designed to fight rising prices even as Trump presses for rate cuts.

208h ago
Diane Swonk
@dianeswonk.bsky.social

My take on the three Fed dissents. Inflation is becoming a norm, not an anomaly. That is a problem for the Federal Reserve. Warsh has argued it is a choice - time to choose to derail it. www.linkedin.com/pulse/warshs...

186h ago
Ian Smith
@iankmsmith.ft.com

Big old steepening in the US yield curve as the Fed holds rates steady despite inflation threat www.ft.com/content/0f9a...

126h ago
Wilbur72
@wilboo72.bsky.social

The bond market said the Federal Reserve should have raised rates. The Fed held rates steady…because of Trump. The bond market is always right.

64h ago
mikestarace.bsky.social
@mikestarace.bsky.social

The split vote signals the Fed, despite Trump’s wishes for a rate cut, is likely to vote for a rate hike between now & the November midterms. That’s because several factors...are increasing inflation, including the Iran war & retail price increases resulting from Trump’s tariffs.

25h ago
USA TODAY
@usatoday.com

BREAKING: Fed holds benchmark interest rate steady despite inflation concerns. What no change means for you.

67h ago
clarissasorenson.bsky.social
@clarissasorenson.bsky.social

He explicitly changed the fed chair so his lower rate guy was in charge. Inflation is high now, a lot of analysts expect/recommended a rate raise, new chair holds rates steady and delivers partisan pro-Trump speech to justify-markets doubt both judgement and independence

45h ago
DiveDoc
@divedoc.bsky.social

🧐 per CNBC: * What a divided Fed means for investors Published Wed, Jul 29 2026 * www.cnbc.com/2026/07/29/f...

23h ago
Frank D’Elia
@frankd7.bsky.social

Warsh is a tool. I wouldn’t be surprised if he pushes for a rate cut as inflation rises if Trump wants it. stocks.apple.com/AWdWc5D27REu...

17h ago
Fllics
@fllics.com

Fed Chairman Warsh Speaks After Holding Rates Steady Federal Reserve officials left interest rates unchanged. The Federal Open Market Committee voted 9-3 to hold the benchmark federal funds rate in a range of 3.5% to 3.75%. The dissenters wanted to raise rates by a quarter percentage point.…

28h ago
Ignacio Gallup-Diaz
@igallupd.bsky.social

*insert NelsonMuntz-haha.gif* “Fed holds interest rates steady despite Trump’s renewed calls to lower them”

48h ago
Anti-Trumpism
@forabettertomorrow.bsky.social

As I predicted, Federal Reserve held interest rates steady for the fifth consecutive policy meeting this year, amid a rebound in oil prices driven by renewed tensions in the Middle East. There were 3 Reservists that vehemently disagreed and wanted to raise rates 1/4%

27h ago
The Cat Mother
@hullerfarcats.bsky.social

Na na na nah! 😜 PRIC's Federal Reserve choice is letting him down by holding interest rates steady!

37h ago
Save Democracy
@detroitwon.bsky.social

Wall Street closes down sharply after Fed holds rates unchanged - Reuters

14h ago
3 sources
cnn.comLive updates: Fed holds interest rates steady after cliffhanger meeting, but three officials dissent | CNN Businesscnbc.comDivided Fed holds interest rates steady, but three members voted to hikenpr.orgA divided Federal Reserve holds interest rates steady despite high inflation

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