The Fed rate decision to hold at 3.50%-3.75% saw a rare three-way hawkish dissent. Brazil's Ibovespa fell 1.5% while currencies showed mixed reactions.
Markets · Global Economy
Key Facts
—Fed Funds Target Held at 3.50%-3.75% by a 9-3 vote on July 29, 2026, the fifth consecutive hold.
—Dissenting Votes Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan favored a 25-basis-point hike.
—Historic Dissent First time since September 2016 that three officials dissented in the same hawkish direction.
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