๐ฆ Fed holds at 3.5โ3.75% for 5th straight meeting โ Warsh stays on pause amid Middle East oil spike
The Federal Reserve left its benchmark rate unchanged at 3.5%โ3.75% at its July 28โ29 FOMC meeting โ the fifth consecutive hold under Chair Kevin Warsh. Renewed Middle East tensions pushed oil prices higher and complicated the inflation picture even as core data has trended cooler. With Big Tech earnings now hitting after-hours, macro traders will be watching whether MSFT and META results do more to move markets tonight than the Fed ever could. Do you think cuts are coming before year-end? Not financial advice.
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