Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-07-29T21:05:58+00:00
On July 29, theFederal Reserveannouncedits decision on interest rates following its two-day policy meeting. As expected, the central bank decided to keep the benchmark interest rate unchanged in the 3.50%-3.75% range. Related: Bitcoin traders brace for Fed's rate call and inflation this week Though the Fed's newly appointed chair,Kevin Warsh, has emphasized the goal of lowering inflation to 2%, he hasn't outlined a detailed plan. Earlier, President Donald TrumpcalledWarsh "fantastic" and reiterated that the Fed should lower the rates, "He wants to do the right thing. I know what he wants to do." But he sharply criticized other Fed officials as "very political" who "perhaps have bad intentions." The president said, "We should have the lowest interest rate in the world, like it used to be 30
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