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Fed Holds Rates at 3.5-3.75% as Oil Tops $100

7/25/2026

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Summary

Story summary

The U.S. Federal Reserve (Fed) will keep its benchmark rate unchanged at its July 29 meeting, with the target range at 3.5%-3.75%.
CME FedWatch shows a 38% chance of a hike next week, up from 12% a week earlier.
Oil prices topped $100 a barrel on Thursday, raising inflation concerns.
Gregory Daco, EY-Parthenon chief economist, gave the Fed a 60-40 chance to stay on hold through the year.

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Story summary

The U.S. Federal Reserve (Fed) will keep its benchmark rate unchanged at its July 29 meeting, with the target range at 3.5%-3.75%.
CME FedWatch shows a 38% chance of a hike next week, up from 12% a week earlier.
Oil prices topped $100 a barrel on Thursday, raising inflation concerns.
Gregory Daco, EY-Parthenon chief economist, gave the Fed a 60-40 chance to stay on hold through the year.