Politico reported the Fed approved its rate decision on a 9-3 vote, signaling growing support for further rate increases to combat persistent high inf. The 9-3 split gives President Trump a temporary reprieve by avoiding a higher rate move now, though how long that will last is unclear. Markets broadly expect at least one Fed rate hike this year.

2026-07-30

Politico reported the Fed approved its rate decision on a 9-3 vote, signaling growing support for further rate increases to combat persistent high inf. The 9-3 split gives President Trump a temporary reprieve by avoiding a higher rate move now, though how long that will last is unclear. Markets broadly expect at least one Fed rate hike this year.