Skip to content
topics.

Federal Reserve holds rates at 3.50%, 3.75%, three dissent

financeJul 29, 202690276

The Federal Open Market Committee voted 9-3 to keep the federal funds rate at 3.50 percent to 3.75 percent, with three officials preferring a 25 basis point increase. Chair Kevin Warsh, speaking after the decision, described the meeting as a "good family fight" and said the committee focused on overall trends rather than any single data point. Cooler inflation readings earlier this month eased expectations of an imminent hike, but the Fed cited "elevated" inflation and supply shocks, including higher energy prices tied to a tenuous U.S.-Iran peace deal. The three dissenters were Dallas Fed president Lorie Logan, Cleveland Fed president Beth Hammack, and Minneapolis Fed president Neel Kashkari; those three previously formed a bloc in April when they opposed the committee's forward-looking "easing bias" language. Warsh signaled a shift toward reserved forward guidance and has launched five taskforces to rethink Fed communications, the balance sheet, and other policy tools. Officials emphasized that interest rates could be used as part of returning inflation to target but did not specify what additional tools they might deploy.

Jon Cooper
@joncooper-us.bsky.social

The Federal Reserve held interest rates steady today, but left the door open to raising rates in the future if inflation remains high. Its rate-setting committee voted 9-3 to leave its short-term borrowing rate between 3.5% and 3.75%. Three members dissented, preferring to raise rates by 1/4 point.

15145d ago
They Say6

Trump is destroying the economy.

.4

He's new, and probably gun shy about raising rates since Trump wants them lowered (bad idea) and historically the stock market sinks on rate hikes. Personally I'm waiting for Wall Street to wake up about the state of the economy and when that happens it's going to be a stock market crash.💥

mpmrfee1

If they don’t raise rates when they meet live in September - assuming we continue to see a month by month increased in inflation (as we have for the last 63 months) - you know that it will be a dishonest vote meant to support Republicans in the midterms …

practicalman.bsky.social1

The Federal Reserve is an incompetent organization. In 2021 they reduced the benchmark rate to zero and you could get a home mortgage loan for 2% interest. This created a home buying frenzy, It was like the Gold Rush, people over bid each other and prices skyrocketed. Nice work Federal Reserve. NOT!

jranft.bsky.social1

Could not be funnier. Trump put Warsh in there to lower rates only, and he can't because of Trump's stupid war and tarriffs.

Bryan Dawson
@bryandawsonusa.bsky.social

⚠️Fed holds interest rates steady as inflation raises pressure for a hike: The central bank left rates unchanged for a fifth straight meeting, holding off on an increase designed to fight rising prices even as Trump presses for rate cuts.

2345d ago
Diane Swonk
@dianeswonk.bsky.social

My take on the three Fed dissents. Inflation is becoming a norm, not an anomaly. That is a problem for the Federal Reserve. Warsh has argued it is a choice - time to choose to derail it. www.linkedin.com/pulse/warshs...

2045d ago
Ian Smith
@iankmsmith.ft.com

Big old steepening in the US yield curve as the Fed holds rates steady despite inflation threat www.ft.com/content/0f9a...

1245d ago
Wilbur72
@wilboo72.bsky.social

The bond market said the Federal Reserve should have raised rates. The Fed held rates steady…because of Trump. The bond market is always right.

645d ago
mikestarace.bsky.social
@mikestarace.bsky.social

The split vote signals the Fed, despite Trump’s wishes for a rate cut, is likely to vote for a rate hike between now & the November midterms. That’s because several factors...are increasing inflation, including the Iran war & retail price increases resulting from Trump’s tariffs.

245d ago
clarissasorenson.bsky.social
@clarissasorenson.bsky.social

He explicitly changed the fed chair so his lower rate guy was in charge. Inflation is high now, a lot of analysts expect/recommended a rate raise, new chair holds rates steady and delivers partisan pro-Trump speech to justify-markets doubt both judgement and independence

645d ago
Timothy McBride
@mcbridetd.bsky.social

Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision www.nytimes.com/2026/07/29/b...

345d ago
DiveDoc
@divedoc.bsky.social

🧐 per CNBC: * What a divided Fed means for investors Published Wed, Jul 29 2026 * www.cnbc.com/2026/07/29/f...

245d ago
USA TODAY
@usatoday.com

BREAKING: Fed holds benchmark interest rate steady despite inflation concerns. What no change means for you.

645d ago
Frank D’Elia
@frankd7.bsky.social

Warsh is a tool. I wouldn’t be surprised if he pushes for a rate cut as inflation rises if Trump wants it. stocks.apple.com/AWdWc5D27REu...

145d ago
Fllics
@fllics.com

Fed Chairman Warsh Speaks After Holding Rates Steady Federal Reserve officials left interest rates unchanged. The Federal Open Market Committee voted 9-3 to hold the benchmark federal funds rate in a range of 3.5% to 3.75%. The dissenters wanted to raise rates by a quarter percentage point.…

245d ago
Ignacio Gallup-Diaz
@igallupd.bsky.social

*insert NelsonMuntz-haha.gif* “Fed holds interest rates steady despite Trump’s renewed calls to lower them”

445d ago
Anti-Trumpism
@forabettertomorrow.bsky.social

As I predicted, Federal Reserve held interest rates steady for the fifth consecutive policy meeting this year, amid a rebound in oil prices driven by renewed tensions in the Middle East. There were 3 Reservists that vehemently disagreed and wanted to raise rates 1/4%

245d ago
Aurea
@mariaurea.bsky.social

World in Brief: Trump promises Iran “beating”; Fed holds interest rates www.economist.com/the-world-in... From The Economist

245d ago
3 sources
cnn.comLive updates: Fed holds interest rates steady after cliffhanger meeting, but three officials dissent | CNN Businesscnbc.comDivided Fed holds interest rates steady, but three members voted to hikenpr.orgA divided Federal Reserve holds interest rates steady despite high inflation

Related

Federal Reserve holds rates at 3.50%, 3.75%, three dissentfinanceTrump’s tariffs are sending some companies back to Chinafinance