
The Fed Held Again in July 2026, Extending the Pause
The July 28-29 meeting left the funds rate at 3.50-3.75% — every scheduled meeting of 2026 has now held, with inflation receding from May's 4.2% peak.
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The July 28-29 meeting left the funds rate at 3.50-3.75% — every scheduled meeting of 2026 has now held, with inflation receding from May's 4.2% peak.

Nineteen dots, each an individual's rate guess for years ahead — the median moves markets, and the honest reading treats the scatter as sentiment, not promise.

With May CPI at 4.2% — the highest in three years — the June meeting kept the funds rate at 3.50-3.75%, extending the hold streak.

Headline, core, shelter, and the monthly annualized run rate — four numbers turn the consumer price index from noise into a usable signal.

The April 28-29 meeting kept the funds rate at 3.50-3.75% on a 9-3 vote — three dissents that map the committee's inflation argument.