US Fed Meeting 2025 Highlights: The US Federal Reserve's Federal Open Market Committee (FOMC) on Wednesday, 30 July 2025, decided to keep its key benchmark policy rates unchanged in the 4.25% to 4.5% range.
This marks the fifth consecutive time when the US Fed has held its interest rates at the same level, against the backdrop of the lower unemployment rate, solid labour market conditions, but “somewhat elevated” inflation rates in the US economy.
“The Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 per cent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” said the FOMC on 30 July 2025.
In the last policy announcement in June 2025, the US central bank held interest rates due to concerns about economic uncertainty in the United States. The FOMC projected a hawkish policy with a risk of higher inflation in the upcoming time period.
After the FOMC's announcement, in the press conference, US Fed Chairman Jerome Powell addressed the elevated economic uncertainty in the US due to the effect of the tariffs imposed by US President Donald Trump.
However, industry experts anticipated that the Federal Reserve's FOMC will keep the interest rates unchanged in the range of 4.25% to 4.5%, but the focus of the investors will be on Chairman Jerome Powell's speech for any changes to the future outlook of the Fed's stance, considering the change in the geopolitical and economic circumstances since June 2025.
US Fed LIVE: Indian stock market opened sharply lower on Thursday after US President Donald Trump announced 25% tariffs on Indian goods. Sensex crashed 786.36 points, or 0.97%, lower at 80,695.50, while the Nifty 50 opened 212.80 points, or 0.86%, lower at 24,642.25. Bank Nifty index opened 422.55 points, or 0.75%, lower at 55,728.15.
US Fed LIVE: The US Fed's July policy decision was along expected lines and had already been fully priced in by the markets. However, expectations of clear rate-cut signals were not met. Fed Chair Jerome Powell did not offer any definitive hint about a potential rate cut in September. The market will now have to rely on incoming data to anticipate the future trajectory of interest rates in the US. Even if the Fed decides to keep rates unchanged beyond September, the Indian stock market may not experience a significant negative impact, analysts said. Read full story here
US Fed LIVE: Gold prices rebounded from a one-month low hit in the previous session, as trade uncertainty lifted bullion demand despite reduced expectations of a US Fed rate cut, Reuters reported. Spot gold price rose 0.4% to $3,286.99 per ounce. Bullion hit its lowest level since June 30 in the previous session. US gold futures fell 0.5% to $3,282.10.
US Fed LIVE: The dollar was around a two-month peak after Fed Chair Jerome Powell stuck to his patient approach on rates and offered little insight on when they could be lowered. Against a basket of currencies, the dollar was last steady at 99.77, not far from a two-month peak of 99.987 it hit in the previous session. The dollar index was set for a monthly gain of more than 3%, Reuters reported. The euro was last 0.25% higher at $1.1433, while Sterling last bought at $1.3248.
US Fed LIVE: Asian markets traded mixed on Thursday after Fed policy, and as investors await Bank of Japan’s policy decision. Japan’s Nikkei 225 rallied 0.55% and the Topix index gained 0.28%. South Korea’s Kospi index rose 0.41%, while the Kosdaq was flat. Hong Kong’s Hang Seng index futures indicated a weaker opening.
US Fed LIVE: US stock market ended mixed on Wednesday after the Federal Reserve policy. The Dow Jones Industrial Average declined 171.71 points, or 0.38%, to 44,461.28, while the S&P 500 fell 7.96 points, or 0.12%, to 6,362.90. The Nasdaq Composite closed 31.38 points, or 0.15%, higher at 21,129.67.
US Fed LIVE: The benchmark indices on the US stock market dropped in the backdrop of US Federal Reserve Chairman Jerome Powell's speech, as the executive focused on determining the timing of an upcoming rate cut.
The Dow Jones Industrial Average dropped 0.71% to 44,418.16 points from 44,737.04 points during the intraday on Wednesday. The S&P 500 also slid 0.9% to 6,338.48 points, from 6,395.95 points during the trading session.
The Nasdaq also dropped 0.94% to 21,027.17 points, from its 21,227.97 points during the trading session on Wednesday.
US Fed LIVE: US Federal Reserve Chairman, Jerome Powell, categorised the US Federal Reserve's current policy stance as ‘modestly restrictive’ with inflation ‘a bit’ above 2% rate.
“I would characterize as modestly restrictive. Inflation is running a bit above 2% as I mentioned, even excluding tariff effects, the labour market's solid, historically low,” said Jerome Powell in the press conference.
Powell also highlighted that the unemployment and financial conditions are in an “accommodative” position in the economy.
US Fed LIVE: US Federal Reserve Chairman Jerome Powell said that Trump's tariffs are pushing prices up in some categories of goods in the US economy against the backdrop of the tariff deadline approaching on 1 August 2025.
“Inflation has continued to ease, while increased tariffs are pushing up prices in some categories of goods, near term measures of inflation expectations have moved up, on balance over the course of this year on news about tariffs as reflected in both market based and survey based measures beyond the next year or so. However, most measures of longer-term expectations remain consistent with our 2% inflation,” said Federal Reserve Chairman Jerome Powell in his press address on Wednesday.
US Fed LIVE: The US Federal Reserve Chairman said that US economic growth in the first half of 2025 moderated as the nation's GDP rose at a 1.2% pace.
“Recent indicators suggest that growth of economic activity has moderated. GDP rose at a 1.2% pace in the first half of this year, down from 2.5%,” said Powell in his speech to the media.
US Fed LIVE: Jerome Powell starts press conference!
US Fed LIVE: The US Federal Reserve reiterated its stance to bring down the country's inflation rates to 2% target and support maximum employment, in its latest policy outcome announcement on Wednesday, 30 July 2025.
“The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 per cent objective,” said the US Fed's FOMC in the statement.
According to the US Bureau of Labor Statistics, the country's CPI inflation was at 2.7% for the 12 months ended June 2025, with food prices rising in the nation.
“Food prices increased 3% over the last year. Prices for food at home rose 2.4%. Prices for meats, poultry, fish, and eggs were 5.6% higher as egg prices increased 27.3%. Prices for food away from home were up 3.8% over the last year. Prices for full service meals rose 4.0% and prices for limited service meals rose 3.5%,” according to the official data release.
US Fed LIVE: The US Federal Reserve's FOMC meeting outcome show that the US economy is still facing the effect of ‘somewhat elevated’ inflation levels, while the unemployment rate remains low with a ‘solid’ labour market.
“Recent indicators suggest that growth of economic activity moderated in the first half of the year. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated,” said the FOMC in its official release.
US Fed LIVE: The US Federal Reserve's FOMC kept the key benchmark interest rates unchanged at 4.25%–4.50% and said that the committee will carefully assess the incoming economic data and the outlook for the nation.
“The Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 per cent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” said the FOMC in the official statement.
US Fed LIVE: Jerome Powell-led FOMC keeps key interest rates 'unchanged' at 4.25%–4.50%
US Fed LIVE: The US Fed's FOMC committee will shortly announce its key benchmark interest rate decision at 2 p.m. (EDT) or 11:30 pm (IST) on the Fed's official website.
Half an hour after the FOMC's policy outcome announcement, the US Federal Reserve Chairman, Jerome Powell, will address the press conference at 2:30 p.m. (EDT), or 12 a.m. midnight (IST) on Wednesday, 30 July 2025.
US Fed LIVE: The US benchmark indices are trading in the positive zone as investors await the Federal Reserve FOMC's policy outcome announcement.
The Dow Jones Industrial Average was trading 0.03% higher at 44,646.72 points at 1:36 p.m. (EDT), compared to the previous US market close at 44,632.99 points, according to MarketWatch data.
The S&P 500 index was up 0.23% trading at 6,385.49 points, compared to 6,370.86 points at the previous trading session. The tech-heavy Nasdaq was also trading 0.45% higher at 21,193.45 points as of 1:38 p.m. (EDT), compared to its previous Wall Street close at 21,098.29 points.
US Fed LIVE: The Bloomberg US Dollar Spot Index jumped 0.55% to 99.426 as of 1:11 p.m. (EDT) on Wednesday, 30 July 2025, ahead of the US Federal Reserve's key interest rate policy announcement.
The US Fed's FOMC will announce its two-day policy outcome results at 2 p.m. (EDT) or 11:30 p.m. (IST) on the central bank's official website.
US Fed LIVE: US Federal Reserve Chairman, Jerome Powell will address the press conference at 2:30 p.m. (EDT), or 12 a.m. midnight (IST) on Wednesday, 30 July 2025.
However, the Federal Reserve's FOMC committee will announce its key benchmark interest rate decision at 2 p.m. (EDT) or 11:30 pm (IST) on the Fed's official website.
Investors or viewers who want to watch Jerome Powell take the stand and address the press conference on Wednesday can tune in to the official YouTube account of the US Federal Reserve or follow Mint's blog for all the latest updates.
US Fed LIVE: According to Fed officials, the real impact of Trump's tariffs will be seen in months to come, and an early rate cut will damage the Fed's efforts to bring inflation down.
US Fed LIVE: On December 18, 2024, the US central bank reduced interest rates by 25 basis points, setting the federal funds rate between 4.25% and 4.50%. Since that time, the Fed has kept rates steady despite significant pressure from President Donald Trump to lower them further.
US Fed LIVE: US stocks are trading near record highs, while the dollar and bond yields have remained largely steady, with only occasional profit-booking.
US Fed LIVE: The US Consumer Price Index (CPI) increased to 2.7 per cent in June from 2.4 per cent in May. Experts predicted that the June CPI would be 2.6 per cent.
US Fed LIVE: During its June policy meeting, the Fed updated its economic growth outlook, emphasising the potential risks posed by Trump's tariffs. The central bank now anticipates a GDP growth of 1.4%, which is 0.3% lower than the forecast made in March.
US Fed LIVE: The International Monetary Fund (IMF) on Tuesday, 29 July 2025, raised its estimates for the US economy growth this 2025 and 2026.
They raised the US growth forecast to 1.9% for 2025 and 2% for 2026, marking a 10-basis-point (bps) increase for 2025 and a 30-bps rise for 2026. IMF also expects that the tax incentives for corporate investment in the recent tax bill will boost growth slightly in the upcoming year.
US Fed Meeting 2025 LIVE: In the June 2025 policy outcome announcement, the US Federal Reserve revised its economic growth forecast due to the risks from Donald Trump's tariffs.
The US central bank expected a 1.4% growth rate in 2025, reduced by 30 basis points from its March 2025 policy announcement. Mint reported earlier that the US economy did contract by 0.5% in the first quarter of 2025, but the country's economy is not showing signs of significant stress at this stage.
US Fed LIVE: Jigar Trivedi, Senior Research Analyst at Reliance Securities, said that the US central bank, Federal Reserve, is expected to keep its benchmark interest rates unchanged at 4.25%–4.50%. Investors will focus on the tone of the Fed’s forward guidance and the updated dot plot projections.
“What matters most now is whether policymakers still foresee rate cuts this year and if so, when. A more hawkish stance, suggesting delayed or reduced easing, could weigh on gold. In such a scenario, the U.S. dollar may strengthen and Treasury yields could climb, both of which typically pressure non-yielding assets like gold,” said Trivedi.
The analyst expects that if the Fed adopts a hawkish tone, the MCX Gold is expected to drop to the support zone of ₹98,550 to ₹98,750 per 10 grams. However, if the policy outcome is dovish, the precious yellow metal may find fresh momentum.
“The Fed’s tone not just its decision - will shape near-term gold dynamics. Traders should prepare for a binary move, with gold reacting swiftly to any deviation from the current soft-landing narrative,” he said.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
US Fed Meeting 2025 LIVE: In its June 2025 policy announcement, the US Federal Reserve flagged an inflation risk at a somewhat ‘elevated level’ despite the lower unemployment figures and the resilient labour market.
“Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated,” said the FOMC in the official statement.
US Fed Chairman Jerome Powell also said that the economy's goods inflation readings are expected to rise during the summer season.
“We've had goods inflation just moving up a bit. And of course, we expect, as you point out, we do expect, to see more of that over the course of the summer,” said Powell in the press conference after the FOMC's policy announcement.
US Fed LIVE: The US stock market opened higher on Wednesday, as investors await the announcement of the US Federal Reserve's two-day policy meeting.
At 9:30 a.m. (EDT), The Dow Jones Industrial Average opened 0.10% higher at 44,677.9 points, compared to 44,632.99 points at the previous market close.
The S&P 500 also rose 0.16% at the opening bell on Wednesday, at 6,381.23 points, compared to 6,370.86 points at the previous US market close.
The Nasdaq Composite also jumped 0.20% to 21,140.397 points at the opening bell, compared to 21,098.29 points at the previous Wall Street close.
US Fed Meeting 2025 LIVE: Niranjan Shastri, Associate Professor (Finance), School of Business Management, NMIMS Indore, citing the CPI inflation numbers, expected to stay above 2.7%, and the resilience of the US labour markets, said that the FOMC is expected to keep the rates between 4.25% to 4.5%.
The expert also said that the US Fed will continue its ‘wait and watch approach’ despite the political pressure from the Donald Trump administration.
“Looking into these important factors, we can expect a cautious wait-and-watch approach from the US Federal Reserve despite pressure from political and business corners. This expectation is based on the track record of independent opinion forming by the central bank. The US policy decision maker relies more on data-driven prudence over political appeasement,” he said.
“In a nutshell, while dissent from a few FOMC members may be noted, a broad consensus for holding rates is expected. The cautious approach of Fed is also a result of uncertainty crated due to ongoing tariff wars and their impact of the economy as a whole,” said Shastri.
The expert also emphasised that in the next US Fed meeting, investors can expect the rate cuts to begin contingent on economic softening.
“For now, the Fed is expected to stay the course, reinforcing its credibility and independence at a time of heightened political and economic crosswinds,” he said.
US Fed LIVE: After announcing 25% tariffs on India, US President Donald Trump has now taken to social media to ask US Federal Reserve Chairman Jerome Powell to cut the key benchmark interest rates and let people buy or refinance their homes.
“2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! “Too Late” MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!” said US President Donald Trump in his Truth Social post ahead of the US Fed's policy announcement.
US Fed Meeting 2025 LIVE: US Federal Reserve ChairmanJerome Powell, in the June 2025 policy meeting, cited that he and the Fed's FOMC are concerned about the country's economic uncertainty.
“The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated,” said the FOMC, citing as the reason behind holding the interest rates for the fourth time in June 2025.
US Fed LIVE: Mayank Mundhra, FRM—VP Risk & Head Research Abans Financial Services Ltd, expects the US Federal Reserve (Fed) to hold its key benchmark interest rates and said the focus will be on Chairman Jerome Powell's speech on changes in the central bank's economic projections.
“Inflation came in at 2.7%, still above the 2% target, with tariff-related uncertainty keeping price pressures elevated. At the same time, the labour market remains relatively strong, with the unemployment rate unexpectedly falling to 4.1%, reinforcing the Fed’s cautious approach,” said Mundhra.
Mundhra also highlighted Powell's earlier indication of two 25-basis-point rate cuts in 2025, as the markets watch for any shift in the view with the next Fed dot plot.
“However, recent sluggishness in consumer spending and signs of cooling in wage growth may still leave room for a rate cut later this year, especially if tariff uncertainty reduces in the short term. Overall, volatility is likely to persist as markets adjust to the Fed’s policy trajectory, considering mixed inflation and labour signals,” said the analyst.
US Fed Meeting 2025 LIVE: The US Federal Reserve's FOMC in its June 2025 policy announcement said that the benchmark interest rates are maintained and ‘unchanged’ amid the backdrop of elevated economic uncertainty in the US economy.
The US Fed decided to keep the interest rates unchanged at the range of 4.25% to 4.5%, according to the policy announcement.
