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Jul 30, 2025
Cautious markets due to unclear rate-cut signals
Fed likely to hold rates despite pressure
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Key Indicators and Reactions Overall Markets: Global markets did not witness a clear direction prior to the Fed's announcement, with cautious anticipation following the conclusion of trade negotiations between the US and China without a major agreement. US Dollar: The dollar index fluctuated ahead of the announcement, after recording gains for four consecutive days, amid anticipation of potential statements clarifying the Fed's position on interest rate cuts. Gold: It rose about 0.1% to around $3,328.15 per ounce, supported by a slight decline in the dollar, which made gold less expensive for foreign buyers. |
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Upcoming Expectations
- The Fed is likely to hold interest rates at 4.25%–4.50% for the fifth consecutive meeting, although two conservatives may express a different view.
- Markets are closely monitoring Fed Chairman Jerome Powell's remarks during a press conference scheduled for 6:30 PM GMT for the bank's tone on the future of monetary policy.