Bloomberg Television·2026-07-29 23:09Monetary Policy & Interest Rate Decisions - Federal Reserve maintained the target range for the federal funds rate at 3.5% to 3.75% with a 9-3 dissenting vote [130] - Three regional Federal Reserve presidents dissented in favor of an interest rate hike [73] - Financial markets are pricing in close to two rate hikes over the next 12 months [14] Economic Indicators & Inflation Trends - Core Personal Consumption Expenditures (PCE) inflation stands at 3.4% year-over-year [9] - Real GDP for the second half of the year is expected to come in at 1.8% [12] - High-tech equipment and software related to artificial intelligence show growth rates of nearly 20% [140] Bond Market & Financial Conditions - The 30-year Treasury yield increased by 11 basis points, approaching 5.19% [244] - Two-year Treasury yields dropped by 6 to 7 basis points at the front end of the curve [226][232] - Equity markets saw a softer trend, with the S&P 500 down by 0.3% and the Nasdaq down by 0.2% following the announcement [65]