FOMC Meeting – Decision Day
The Federal Reserve wraps up its July 29–30 meeting today, with the rate decision set for 2:00 p.m. ET, followed by Jerome Powell’s press conference at 2:30 p.m. ET.
Markets widely expect no change to the current 4.25%–4.50% target range. However, there’s speculation that Fed governors Christopher Waller and Michelle Bowman could dissent, pushing for a cut—though they are unlikely to sway the majority.
Key things to watch:
Policy statement & any change in tone toward September/December cuts
Powell’s remarks for clues on future easing
Market reactions, especially to potential dissenting votes
Current outlook:
Most analysts still see the first rate cut coming in September, with two cuts likely by year-end.