The basics:
The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system.
Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little.
Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability.
Voting against the monetary policy action were Beth M. Hammack, Neel Kashkari, and Lorie K. Logan, who preferred to raise the target range for the federal funds rate by 1/4 percentage point at this meeting.
- As part of its policy decision, the Federal Open Market Committee voted to direct the Open Market Desk at the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions in the System Open Market Account in accordance with the following domestic policy directive:
“Effective July 30, 2026, the Federal Open Market Committee directs the Desk to:
- Undertake open market operations as necessary to maintain the federal funds rate in a target range of 3-1/2 to 3?3/4 percent.
- Conduct standing overnight repurchase agreement operations at a rate of 3.75 percent.
- Conduct standing overnight reverse repurchase agreement operations at an offering rate of 3.5 percent and with a per-counterparty limit of $160 billion per day.
- When appropriate, increase the System Open Market Account holdings of securities through purchases of Treasury bills and, if needed, other Treasury securities with remaining maturities of 3 years or less to maintain an ample level of reserves.
- Roll over at auction all principal payments from the Federal Reserve’s holdings of Treasury securities. Reinvest all principal payments from the Federal Reserve’s holdings of agency securities into Treasury bills.”
The Chair’s comments to come – those could buoy the market for a minute. We won’t bet it, though. Market is trying to bounce.
Don’t end anyone’s issues, and we are still at risk.
~ure
money is falling from the sky !!!! so good !!! things are apple pie and stars and stripes . and gold wow !! whats warshy gunna say , diddley squat . wow what a meeting . can kickin already pricing in rate hikes going forward. who said holywood is in trouble . its just moved to wall street and the eccles building !!
House values – elevator up!
What goes up must go down.. its all unsustainable to the average hourly wage earners now..
this new bloke is a real smooth manure shoveller . ohh yeah capo love him , abbra cardabra !!!
As long as he doesn’t shovel it into the fan! Fed is talking about eliminating forward guidance now to make their job easier, and keep the market guessing. Less talking from the shovelmeister.
gittin real tough to jawbone rate hikes warshy . nobody believes yah . hey G a real can kickin FED boss !!
The survival template is wait for new forces to arrive (jan after elections) figure out who is in charge and surrender to them. Watch – am a pro at spotting corporate suckups. Doesn’t mean he’s dumb – but he is also not stoopid.
wow kickin out to january george ? brave . ill bet yah a chicken burger on that one . plus fries . idaho potatos
Ure eyes that bad youse cant see what is before US ?
Ya know we got Peptides and Bioregulators for helping that scheisse out ? Straight outta spy novel comes Visoluten, a Khavinson peptide developed to protect Soviet soldiers Eyes from US Laser weapon threats..no shitter that.
Dosage – Eye Peptides ;
Visoluten 2-3 capsules 2-3x a day
Epitalon, Normoftal, and Vilon recommended as eye drop solutions at a concentration of 100MCG per drop.
Autologous serum tears should be a 30%-50% concentration with saline depending on the specific issue being treated.
Insulin (preferably aspartate form) undiluted one drop per eye.
Semax 1 mg internasal
* Visoluten should be taken 30 minutes before or 2 hours after food(so on a empty stomach)
Ass over Teakettles goes this Petro Dollar System – they be talkin down GOLD, while out the backdoor they are buying every single available phyz oz they can get their incredibly greedy fingers on.
tRUMP is the fall guy..Nates choice. Thought they owned/controlled Crypto space – they were wrong, so we gotz some more time before the Clif.
The Game is afoot Kemosabe – when the Ukeies tell you the Iranian Ship drone attacked in the Caspian yesterday was NOT intentional, to “deescalate” the situation, you can bet the drone traveling several thousand miles to Caspian was INTENIONAL. GBR/NATO/US advisors Plan the attacks, NATO radars support attack – WTF is NOT intentional about that ?
thar she blows !!!! a real classic FED meeting . and steve well named Lies mans questions off the first pitch . and snake santelli spittin out numbers and venom !!! whoa that was a good un
Wah, wah, wahhhh….. I stopped donating after the banks were bailed out. Vampires.
American Red Cross declares second-ever national blood supply crisis
“The American Red Cross has declared only the second national blood supply crisis in its history after donations fell to a four-year summer low, threatening the availability of lifesaving blood nationwide. “
Hmmm… 800B DOD budget is 1.1 T…. inflationary…. Interest rates at 5% inflationary…. Better than overseas… funds come here… Oil money here. War Arabia.. inflationary…Oil talked down but ‘tank dry’… inflationary. No food, inflationary… Drought. Retirees… big bad beautiful bill, inflationary. Consumer maxed out recession. Stocks.. in breeding AI inflationary but military related. Trump stocks… up so sidelined money in… Baby boomers still retiring… not to bad. China and Trump duke it out tariffs… inflationary… Europe debt issues and coalition willing…inflationary… NATO inflationary… Japan debts inflationary… China black accounting inflationary… Seems Fed okay. British commonwealth… playing dead but last 40 years investments all world is 1/2 influenced by British..civil wars bound to come.