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Federal Reserve Holds Rates Steady Amid Mixed Inflation and Employment Data
The Federal Open Market Committee voted to keep the target federal funds rate range at 3.5 %–3.75 % in its July meeting. Fed officials expressed differing views on future policy: Mary Daly said she fully supports the hold, while Lisa Cook, Kevin Warsh and other governors warned they could raise rates in September if inflation remains above the 2 % target. Inflation is still elevated, with the personal‑consumption‑expenditures (PCE) price index up 3.7 % year‑over‑year through June 2026 and core CPI projected near 3.4 % in July. At the same time, U.S. non‑farm payrolls unexpectedly fell by about 23 000 in July, far short of the 80 000 increase analysts had expected, and the unemployment rate slipped to roughly 4.1 %–4.2 %. The weaker jobs report prompted markets to lower expectations for a September hike, though futures still priced roughly a 55 % chance of a 25‑basis‑point increase. Risk assets reacted strongly: Bitcoin rose about 4.6 % and gold surged roughly 7.5 % over the week following the data release.
Entities
Alberto Musalem · Anchorage Economic Development Corporation · Anna Paulson · Federal Reserve · Jeff Schmid · John Williams · Kevin Warsh · Lisa Cook · Mary Daly · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 8 SOURCES] Cook voted in favor of keeping the federal‑funds rate unchanged at the last FOMC meeting. biz.heraldcorp.com · bitnewsbot.com · cointelegraph.com
- [● 5 SOURCES] Cook said she is prepared to raise rates if inflation does not start easing. bitnewsbot.com
- [● 5 SOURCES] Cook said inflation risks outweigh job‑market risks. bitnewsbot.com
- [● 5 SOURCES] Cook cited tariffs, the Middle‑East conflict and AI‑related investment as factors that could ease price pressures. bitnewsbot.com
- [● 7 SOURCES] Three Fed officials dissented, favoring a rate hike at the same meeting. biz.heraldcorp.com · bitnewsbot.com
- [● 7 SOURCES] Cook delivered her remarks at the 2026 Economic Luncheon of the Anchorage Economic Development Corporation in Anchorage, Alaska. biz.heraldcorp.com · bitnewsbot.com
- [● 7 SOURCES] John Williams and Anna Paulson have signaled openness to raising rates. biz.heraldcorp.com · bitnewsbot.com
- [● 7 SOURCES] Cook warned the Fed is running out of room to wait for disinflation. biz.heraldcorp.com · bitnewsbot.com
- [● 6 SOURCES] Cook said tariffs, the Middle East conflict and AI investment could ease inflation pressures. biz.heraldcorp.com
- [● 6 SOURCES] Lisa Cook said she is prepared to raise rates if inflation does not moderate. biz.heraldcorp.com
- [● 6 SOURCES] Lisa Cook said inflation risks outweigh job‑market risks. biz.heraldcorp.com
- [● 13 SOURCES] Lisa Cook said she is prepared to raise interest rates if inflation does not start easing. bitnewsbot.com · cointelegraph.com · www.it-boltwise.de · wkzo.com · biznis.rs · +1 more