Back to today’s briefing

Story perspectives

Fed Holds Rates at 3.5-3.75% as Three Presidents Push Hike

7/30/2026

50 8 Full Breakdown

Summary

Story summary

Federal Reserve kept the federal funds rate at 3.5%-3.75% after a 9-3 vote.
Fed Chair Kevin Warsh called the pause prudent amid inflation and Iran war, keeping the 2% goal.
Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan dissented, favoring a 25-basis-point hike.
The next meeting is set for Sept. 15-16, with the CME FedWatch tool indicating a 41% chance of a hike.

1 of 1

Story summary

Federal Reserve kept the federal funds rate at 3.5%-3.75% after a 9-3 vote.
Fed Chair Kevin Warsh called the pause prudent amid inflation and Iran war, keeping the 2% goal.
Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan dissented, favoring a 25-basis-point hike.
The next meeting is set for Sept. 15-16, with the CME FedWatch tool indicating a 41% chance of a hike.