#FOMCMeeting

#FOMCMeeting | July 30, 2025: Silence Before the Cut?

Today, the Federal Open Market Committee (FOMC) concludes its meeting with no changes to interest rates, keeping them in the range of 4.25%–4.50%, as the markets anticipated. But what is really capturing attention is not what they did... but what they might be preparing.

- What is happening behind the scenes?

- 1 Although there was no press conference or new economic projections, analysts detect subtle signals in the FOMC's statement that could foreshadow a cut in September.

- 2 Inflation continues to show resilience, with the core PCE index projected at 3.1% for 2025, above the 2% target.

- 3 Political pressure is increasing: even with calls from the White House to stimulate the economy, Powell remains firm... for now.

- And what if there is dissent?

This could be the first meeting with a double dissenting vote since 1993, with members like Waller and Bowman leaning towards an immediate cut. Is the committee's historic unity breaking?

- Impact on markets

The US dollar (DXY) strengthens, but if Powell does not “lay the groundwork” for a cut in September, we could see a technical breakout to levels not seen since May.

- Conclusion

Although today the FOMC maintained calm, the real movement could be brewing for the next meeting. Traders are already adjusting their strategies... and you?