Central Bank Watch
FOMC Statement and Press Conference
July 29, 2026
The FOMC decided to keep the federal funds rate target range unchanged at 3.50-3.75% where such has been since a reduction of 25 basis points announced last December 10th. This was the fifth of eight scheduled policy reviews in 2026, and each of them has ended with the same result. Whereas the previous meeting in […] More
Central Bank Watch
FOMC Preview
July 29, 2026
It’s almost certainly only a matter of time before the federal funds targeted interest rate is increased to counter above-target inflation and the growing risk of a rise in medium-term expected inflation. Seven and a half months have passed since the cut announced on December 10 put the target at 3.50-3.75%. Compared to then, monthly […] More
New Overnight Developments Abroad - Daily Update
Suspense Around Today’s Fed Decision, Renewed Military Strikes in Mideast & Continuing Pressure on Semiconductors
July 29, 2026
It is thought that the Fed will most likely hold off until the next FOMC meeting in September before raising its 3.5-3.75% interest rate target, but the chance of it happening today at 18:00 GMT is not insignificant. Chairman Warsh’s press conference starts at 18:30. The U.S. claims to have repelled several Iranian missiles aimed […] More
