The Fed is still waiting despite slowing economy

No rate cut, no clarity on what's next, the Fed is going to be too late as always

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Global Markets Investor
August 01, 2025

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The Federal Reserve held its interest rate unchanged at 4.25%-4.50% on Wednesday, July 30, as expected. This marks the 5th straight meeting with no rate changes this year. In total, the central bank has reduced its rates by 100 basis points so far this economic cycle.

The Federal Open Market Committee voted 9-2 to keep interest rates steady, continuing the stance it has held throughout 2025. Governors Christopher Waller and Michelle Bowman dissented, both favoring a 0.25 percentage point rate cut.

This marked the first time since 2020 that more than one Fed official opposed Chair Powell's decision, and the first time since 1993 that multiple Fed board governors dissented. There is a growing divide within the Fed.

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Behind the paywall, you will find the entire recap from the meeting, including the Fed Chair Jerome Powell’s conference, and what that could all mean for the markets.

Links to the previous meetings' summaries can be found below.

The Fed is still clueless about the future path of rates and economy

There is no consensus among the Fed members regarding the future rates path

globalmarketsinvestor.beehiiv.com/p/the-fed-is-still-clueless-about-the-future-path-of-rates-and-economy

The Fed is in no hurry to slash interest rates

The central bank is in "wait and see" mode amid historic economic uncertainty

globalmarketsinvestor.beehiiv.com/p/the-fed-is-in-no-hurry-to-slash-interest-rates

🚨The Fed knows nothing, likewise the majority of market participants and watchers

The Fed kept the rates unchanged for the second consecutive meeting on Wednesday

globalmarketsinvestor.beehiiv.com/p/the-fed-knows-nothing-likewise-the-majority-of-market-participants-and-watchers

!!️The Federal Reserve is not in a hurry to cut rates further - for now

The Fed kept they rates unchanged in the first meeting of 2024

globalmarketsinvestor.beehiiv.com/p/the-federal-reserve-is-not-in-a-hurry

For the first time in history, top global central banks are reducing their balance sheets at the same time

What are the implications for the markets regarding one of the greatest monetary policy experiments?

globalmarketsinvestor.beehiiv.com/p/for-the-first-time-in-history-top

The US job headline numbers are overstated

The US labor market continues to deteriorate under the surface

globalmarketsinvestor.beehiiv.com/p/the-us-job-headline-numbers-are-overstated

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