Has the U.S. Federal Reserve come close to betraying market expectations?
The Federal Reserve's monetary policy committee met on July 29-30, 2025, and markets expected interest rates to remain unchanged at 4.25-4.50% for the fifth consecutive time.
Despite this, two prominent members—Waller and Bowman—announced their support for an immediate interest rate cut, in a rare challenge to the consensus within the board.
Their statements came amid a slowdown in jobs and rising trade tensions, while the U.S. economy continues to suffer from inflationary pressures.
The final decision may reveal the true face of the Fed:
Is it waiting for September data or seizing the initiative?
We are all waiting