Fed Holds Rates Steady in July as Inflation Stays High, Markets Eye September Decision
The U.S. Federal Reserve held interest rates steady at its July meeting, despite mounting pressure from former President Donald Trump to cut rates. Officials reiterated that future rate changes will be guided by economic data. With inflation still elevated and the labor market showing continued strength, the timing of any potential rate cuts remains uncertain. Analysts anticipate that the earliest rate reduction could come in September. Investors should closely monitor policy signals and global market developments.
