#FOMCMeeting July 29–30, 2025 Meeting (Most Recent)

The Federal Open Market Committee decided to hold its benchmark federal funds rate at 4.25%–4.50%. This rate level has been unchanged since December 18, 2024 .

Two dissenting votes came from Governors Michelle Bowman and Christopher Waller, both advocating for a 25-basis-point rate cut. Their concerns centered on a cooling labor market and limited sustained inflationary pressure from tariffs .

During the press conference, Chair Jerome Powell emphasized a data-dependent stance, expressing caution pending further economic developments. The Fed downgraded its outlook on growth from “solid” to “moderate” but maintained its characterization of inflation as “somewhat elevated” .$BTC