#FOMCMeeting The Federal Open Market Committee (FOMC) decided to keep the federal funds rate unchanged at 4.25% - 4.50%, marking the fifth straight meeting without a rate change.

The decision passed with a 9-2 vote,

federalreserve.gov +9

as governors Michelle Bowman and Christopher

Waller dissented, favoring an immediate 0.25

percentage point rate cut due to rising

concerns about labor market softness and

inflation nearing target levels.

Chair Jerome Powell emphasized a data-dependent, wait-and-see approach, citing moderate inflation risks-particularly from new tariff-driven price pressures-and a still-resilient labor market. He declined to commit to any specific timing for a rate cut in September.