US Fed holds rates steady as construction prices rise
30 July 2025
The US Federal Reserve (Fed) left its benchmark interest rate unchanged at 4.25%–4.50% on 30 July, maintaining a policy stance aimed at curbing inflation while monitoring the broader economic outlook.
The decision, announced following the Federal Open Market Committee’s latest meeting, was expected by most analysts.
The announcement involved some historic intrigue, however, as two Fed governors, Christopher Waller and Michelle Bowman, dissented in favour of lowering rates; a rare move that suggests some division among officials of the central…
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