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2025-07-31 02:05:35
The Federal Reserve announced it would maintain interest rates unchanged on the 30th, concluding its two-day monetary policy meeting. The meeting announced it would maintain the target range for the federal funds rate at 4.25% to 4.50%. Facing continued pressure from the Trump administration for a rate cut, this is the fifth consecutive time the Fed has maintained interest rates unchanged. Observers believe the Fed's wait-and-see approach earlier this year stemmed from uncertainty surrounding the new US administration's tariff policies, and its current wait-and-see approach is primarily driven by its assessment of the actual impact of the government's tariff policies on prices this year. The Federal Reserve's Beige Book, released mid-month, showed that prices rose in all US Federal Reserve districts from late May to early July. Some analysts point out that given the relatively robust US job market, the Fed is more inclined to maintain price stability to mitigate the risk of tariffs leading to higher domestic prices and a resurgence of inflation. Wall Street generally expects the Fed to cut interest rates twice this year, totaling 50 basis points, with the first cut expected in September, with a near 65% probability. (CCTV Finance)
