Federal Reserve Maintains Stable Rates, Remains Cautious Amid Pressure to Cut
On July 30, local time, the Federal Reserve concluded a two-day policy meeting, opting once again to keep the federal funds rate target range unchanged at 4.25% to 4.50%. This decision met the expectations of most economists but continued the policy of inaction since the beginning of the year, indicating that the Federal Reserve is still adhering to its gradual policy path despite intertwined economic data and political pressures.
Chairman Jerome Powell stressed at the post-meeting press conference that current economic uncertainties are still high, insufficient to justify a rate cut decision. He added that the Federal Reserve will continue to adjust its policy stance based on a “meeting-by-meeting, data-driven” approach.