Federal Reserve minutes said officials view the inf outlook as "highly uncertain" and that renewed escalation of the Iran war "casts a shadow" over that outlook. Officials judged the labor market stable, with labor demand and supply in balance. The post-meeting statement largely reused June wording and reaffirmed the Fed's commitment to price stability. Officials described growth as "solid" and noted strong capital investment and productivity gains. The July vote marked the Fed's fifth consecuti

Federal Reserve minutes said officials view the inf outlook as "highly uncertain" and that renewed escalation of the Iran war "casts a shadow" over that outlook. Officials judged the labor market stable, with labor demand and supply in balance. The post-meeting statement largely reused June wording and reaffirmed the Fed's commitment to price stability. Officials described growth as "solid" and noted strong capital investment and productivity gains. The July vote marked the Fed's fifth consecutive meeting holding rates unchanged following three cuts at end-2025.