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Fed Holds Rates Steady Amid Divergent Views on Tariff Impact and Economic Signals
Fed Holds Rates Steady Amid Divergent Views on Tariff Impact and Economic Signals
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BTCCSquare news:
The Federal Reserve maintained its benchmark interest rate at 4.25%-4.5% during July's FOMC meeting, though dissenting votes from Governors Waller and Bowman revealed growing fissures in monetary policy strategy. Waller framed tariffs as transitory price shocks that shouldn't dictate rate policy, while Bowman cited labor market cooling as justification for earlier easing.
Revised payroll data paints a murky economic picture - July's 73,000 job gains were undercut by downward revisions totaling 258,000 for prior months. The Fed's statement acknowledged moderating growth while maintaining vigilance on elevated inflation, creating a policy tightrope walk that could influence risk asset valuations.
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