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Breaking: Fed holds interest rates steady, gives no direction on future cuts despite pressure from President Trump and two dissenting governors

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Wed Jul 30 2025

Fed stands pat on interest rates, offers no signal about September cut

President Donald Trump and Federal Reserve Chair Jerome Powell speak during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C. on July 24, 2025.

The Federal Reserve left its key interest rate unchanged at 4.25% to 4.5% and offered no clues on whether it will resume its rate cuts in September.

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