Markets react to Fed’s July interest rate decision

The Federal Reserve concluded its two-day policy meeting on July 29 by keeping its benchmark interest rate unchanged within the 3.50%-3.75% range. The decision came despite external pressure from the Trump administration, which has vocally advocated for lower rates.
Federal Reserve Chair Kevin Warsh, recently appointed to lead the central bank, has prioritized reducing inflation to the 2% target. However, the chair has not yet presented a comprehensive strategy for achieving this goal. Presiden