No change. The Federal Reserve holding rates steady in the range of four and a quarter to four and a half percent. But two Federal Reserve governors Chris Waller and Michelle Bowman dissenting, preferring to cut rates by 25 basis points, underscoring division within this Federal Reserve over the impact of President Trump's tariffs on inflation.This is the first time in 30 years that we have seen two Federal Reserve governors descent simultaneously. Now, there were some changes to the policy statement. Notab ...

you'll be getting essentially two rounds of jobs and inflation data between now and the September meeting. Is that potentially adequate to make a decision to lower rates at that point. So, you're right.We do have this is a an interming period when we'll get two full rounds of employment and inflation data before the time of the September meeting. We have made no decisions about September. We don't we don't do that in advance.We'll be taking that information into consideration and all the other information w ...

Monetary Policy - The committee decided to maintain the target range for the federal funds rate at 425 to 450 basis points [1] Economic Outlook - Higher tariffs have begun to show through more clearly to prices of some goods [1] - The overall effects of higher tariffs on economic activity and inflation remain uncertain [1]

Bitcoin traded flat after the U.S. central bank left the Federal funds rate intact as analysts had widely expected amid uncertain inflation readings and the Fed's cautious rhetoric in recent months. https://t.co/veYkoNR2eW ...

Federal Reserve Policy & Economic Outlook - The Federal Reserve is in no rush to adjust interest rates due to uncertainty about the economy, inflation, and the labor market [3] - The unemployment rate remains stable, similar to the previous summer [1][2][5] - The Fed aims to prevent any rise in inflation from becoming persistent, emphasizing the importance of keeping inflation expectations in check through patience [3] - The market anticipates rate cuts in the coming year, regardless of economic data, potentially influenced by a new Fed chair [13] - All Federal Open Market Committee members expect interest rates to be lower by the end of next year [17] Labor Market Dynamics - Labor demand growth is slowing, but the labor market hasn't loosened because the unemployment rate is unchanged [5] - Both labor supply and labor demand have slowed, with immigration policy being a contributing factor to the slowdown in labor supply [2][5] - Payroll employment growth has decelerated, which could become problematic if the trend continues [4] Tariff Impact & Trade Policy - The impact of tariffs on the economy is uncertain, particularly regarding inflation and business fixed investment [3][10] - A hypothetical 18%-20% tariff rate is compared to the economic tensions of the 1930s [6] - The current tariff shock may be more significant than in the 1930s due to a higher share of imports in GDP [8] - Most economists believe that tariffs will eventually be passed through to consumers, with every 1% increase in tariffs as a percent of imports adding about 01% to the price level [11][12] - An increase from 25% to 17%-18% in tariffs on imports could raise the level of prices by about 05% [12]

Changes to government policies continue to evolve and their effects on the economy remain uncertain. Higher tariffs have begun to show through more clearly to prices of some goods, but their overall effects on economic activity and inflation remain to be seen. A reasonable base case is that the effects on inflation could be shortlived, reflecting a one-time shift in the price level.But it is also possible that the inflationary effects could instead be more persistent and that is a risk to be assessed and ma ...

The central bank may be in the unenviable position of cutting rates because the economy is weakening, not because inflation has been whipped, @BobOnMarkets says (via @opinion) https://t.co/Yll3qt04Ym ...

Monetary Policy Stance - The industry aims to keep longer-term inflation expectations well-anchored [1] - The industry intends to prevent a one-time price level increase from becoming an ongoing inflation problem [1] - The current policy stance is seen as appropriate to guard against inflation risks [1] - The industry is attentive to risks on the employment side of its mandate [2] Economic Assessment - The industry is well-positioned to learn more about the likely course of the economy and the evolving balance of risks [1] - The industry will receive a good amount of data in coming months to inform its assessment of the balance of risks [2] - This data will help determine the appropriate setting of the federal funds [2]

Hi, Chair Pal. Uh, Nancy Marshall Gendzer with Marketplace. Um, one more question on the, uh, lack of unonymity in today's decision, the two descents.Was there talk during the meeting, I know you're not going to talk about what exactly what individuals said, but in general, was there talk during the meeting of cutting rates and what was the case against that at the meeting. >> Sure. So you know we have we have an economic goaround where people talk about the economy and then the next and today that's yester ...

Economic Activity & Demand - Final sales to private domestic purchasers slowed to a 12% gain in Q2 from 19% in Q1, suggesting softening underlying demand [1] - First half profit domestic final purchases were 16%, while GDP was 12% for the same period [3] - GDP is considered bumpy quarter to quarter and often gets revised [3] Labor Market - The unemployment rate is at 41% [4] - Wages are at a healthy level, moving closer to long-run sustainable levels consistent with productivity and 2% inflation [4] - The labor market is still quite solid [4] Inflation - Headline inflation was 21% and core inflation was 25% [2] - Inflation is above target, even ignoring tariffs [5] Monetary Policy - The speaker is trying to do the right thing in a challenging situation, being pulled in two directions [5] - At some point, if risks are equally balanced, a neutral policy stance would be desirable, which is not the case currently [6] - The speaker is not committing to a rate cut in September and will need to see more data on inflation and employment [2][6] - Judgments will be based on all data and a balance of risks analysis [6]