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Fed & yields

Fed Holds Rates Steady Again Amid Pressure and Uncertainty

Fed Takes Conservative Stance on 2025 Rate Cuts
Fed Takes Conservative Stance on 2025 Rate Cuts

The Federal Reserve announced it will keep interest rates unchanged for the fifth consecutive time.

Despite pressure from President Trump to lower rates, many Fed officials prefer to wait and see how recent economic policies, like tariffs, affect inflation before making any changes.

Notably, the July meeting was historic as two Fed governors broke with the majority, voting in favor of a rate cut — the first time this has happened in 30 years.

Eight more from the desk

Other dispatches from the bullion wire.