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Today’s Lead Story
Wednesday, July 29

Economy

Fed Holds Rates at 3.50%–3.75% at July 29 Meeting — What It Means for Your Money

via Kiplinger

The Federal Reserve kept its benchmark interest rate unchanged at 3.50%–3.75% at its July 29 meeting, holding steady as policymakers weighed cooling inflation against fresh uncertainty from U.S.-Iran tensions. Markets are pricing in roughly a 77% chance of a rate increase at the September meeting.

Why it matters

Rates on hold means high-yield savings accounts continue paying above 4% APY, but borrowers carrying variable-rate debt or waiting for cheaper mortgages may face a longer wait.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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