US Federal Reserve Chairman Kevin Warsh holds a news conference following a two-day meeting of the Federal Open Market Committee (FOMC), as the Federal Reserve holds interest rates steady, at the Federal Reserve, in Washington, DC, US July 29, 2026. [Photo/Agencies]

The Federal Reserve is expected to keep its overnight rate unchanged at the conclusion of its July meeting.

The central bank appeared divided over future interest rate moves.

Investors had largely expected that the Fed would hold interest rates steady, given ongoing concerns with high inflation.

US Federal Reserve Chairman Kevin Warsh holds a news conference following a two-day meeting of the Federal Open Market Committee (FOMC), as the Federal Reserve holds interest…