Federal Reserve FOMC decision: July 2026
Why it matters
Fed decisions set the dollar liquidity backdrop for trade finance, euro-dollar moves, emerging-market stress and valuation of strategic industrial policy.
What to watch
- Statement language and press conference tone.
- Dollar reaction against the euro and yuan.
- Spillover into energy, tech and industrial-equipment funding conditions.
Result captured
FOMC held the federal funds target range at 3-1/2 to 3-3/4 percent on 29 July 2026 — a fifth consecutive hold. The vote was 9-3: Beth M. Hammack, Neel Kashkari and Lorie K. Logan dissented, each preferring a quarter-point increase.
The dissents point the same way — three voters wanted to tighten — so the hold is the dovish end of the committee's current range, not its centre.
Briefing
No consensus forecast has been published for the Fed's July 28–29 decision, leaving markets to parse incoming inflation, employment, and growth data alongside any shifts in the Committee's forward guidance on rates and balance-sheet policy.
Sources
Open in the calendar
Open this event in the live GeoVeu calendar, alongside everything scheduled around it.