The US central bank left benchmark interest rates unchanged on Wednesday, July 29, in the range of 3.50 to 3.75 percent. The decision was in line with market expectations and came during the second meeting of the board under the leadership of Kevin Warsh. Index.hu ↗
The Fed explained its decision by stating that economic activity in the US continues to expand at a solid pace, although inflation remains above target. According to available reports, the central bank attributes part of the inflationary pressures to shocks in supply chains. Despite the persisting risk of higher inflation, it therefore decided not to change the price of money. Die Zeit ↗
The decision was accompanied by political pressure from the White House. Donald Trump called Kevin Warsh excellent and said that, in his view, Warsh would like to see lower rates, but that he sits on a board Trump described as heavily politicized. Information from sources also suggests that there was no complete agreement within the decision-making process, as part of the committee members supported a rate change of 25 basis points. ANSA ↗
Financial markets reacted with a decline. US stocks weakened significantly, and the Dow Jones recorded its steepest drop since April 2025. In addition to the Fed's decision, investors were also watching the escalation of the war in Iran and concerns related to artificial intelligence. Further developments will depend mainly on inflation, economic performance, and whether pressure for lower rates prevails within the Fed's leadership. n-tv ↗
Fed left rates unchanged despite pressure to cut them
On Record
👤
Donald Trump
Prezident USA
22.09.2026
„Russland hat leider Kontrolle über Dieselproduktion verloren"
Vyjadrenie o problémoch ruskej ekonomiky a výrobe nafty
👤
Donald Trump
Prezident USA
17.09.2026
„Pokud to budu považovat za akt nepřátelství, uvalím značná cla, nebo přeruším s Evropou obchod."
Reakcia na možné pridruženie Kanady k Európskej únii
👤
Kevin Warsh
Predseda americkej centrálnej banky
28.08.2026
„Dans l’ensemble, je serais difficilement en mesure de décrire les conditions financières comme restrictives"
Vyjadrenie počas prejavu v Jackson Hole
👤
Donald Trump
Prezident USA
25.08.2026
„Jedna z najhorších krajín na svete"
Výrok o Kanade počas obchodného sporu
👤
Donald Trump
Prezident USA
10.08.2026
„Nemajú žiadne peniaze"
Vyjadrenie k ekonomickej situácii Iránu
👤
Donald Trump
Prezident USA
08.07.2026
„Will nichts mit ihnen zu tun haben"
Vyjadrenie k obchodným vzťahom so Španielskom
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (4)
La Fed lascia i tassi invariati: “L’attività economica si espande a ritmo sostenuto”
La Repubblica
| 20:10 29.07.
La Fed maintient ses taux inchangés, entre 3,50% et 3,75%, malgré une inflation élevée
Le Figaro
| 20:20 29.07.
Nem fél a Fed az infláció elszállásától, változatlanul hagyta a kamatokat
HVG
| 20:13 29.07.
Fed lässt Leitzins erneut unverändert
Spiegel.de
| 20:06 29.07.
🔥 You might also like
📰
Economy & Business
Fed left interest rates unchanged at Warsh's premiere
The US central bank left interest rates unchanged on Wednesday, June 17, in the 3.5 to 3.75 percent range. It was the first meeting of the Federal Rese...
📰
Economy & Business
US Senate confirms Kevin Warsh as Fed chief, replacing Jerome Powell
The US Senate, at its Wednesday session, confirmed Kevin Warsh to the position of head of the US central bank (Fed). The fifty-six-year-old economist will repla …
Economy & Business
Fed under Kevin Warsh's leadership raised interest rates
The US Federal Reserve raised its benchmark interest rate by 0.25 percentage points to a range of 3.75 to 4 percent, the first hike since July 2023.
© HotInfo
Geographic locations
From our newsroom original
All →
USA uvalili sankcie na Medzinárodný trestný súd
Pavel se vrátil z Maroka a odvolil v Černoučku
Nobelovu cenu za mier získala Navanethem Pillayová, Izrael protestuje
Swedish court convicts two men over concealed Viking-era treasure, acquits third man accused of selling it
Man suspected of attempting to sell uranium-238 for $700,000 detained in Georgia
Amsterdam museum returned ancient vase to Sicily, theft revealed by 1976 wedding photo
Quebec: Separatists Win with 28% of the Vote and No Majority, Promise Referendum Only After Trump
What Europe Is Writing About: AfD Leads a State Parliament, Ex-BND Chief Arrested, Puigdemont May Return
