The U.S. Federal Reserve Left Its Interest Rate Unchanged For The Fifth Consecutive Time
- 29.07.2026, 21:26
3.5–3.75% per year.
The U.S. Federal Reserve System (Fed), which serves as the country’s central bank, kept its benchmark interest rate at 3.5–3.75% per annum following its July 28–29 meeting. This was announced in a press release from the Fed. Thus, the Fed has left the rate unchanged for the fifth consecutive time. This is the second meeting since the change in Fed leadership—since late May, the position has been held by Kevin Warsh.
At its previous meeting in June, the Fed also kept the rate at 3.5–3.75% per annum but updated its macroeconomic forecasts for the coming years. At the same time, some Fed members argued that the rate should be raised in 2026.
At the meetings in January, March, and April, the Fed’s rate also remained unchanged. Prior to that, the U.S. central bank had cut the rate three times in a row. The Fed last raised the rate in July 2023.
The next Fed rate-setting meeting is scheduled for September 15–16.
The regulator’s final decision was in line with the expectations of economists who participated in a Reuters survey conducted from July 17 to 21. All 104 analysts expected the Fed to leave the rate unchanged at 3.5–3.75% at its July meeting.
Analysts at Bank of America, who had expected the Fed to keep interest rates unchanged at its July meeting, noted that an unexpected rate hike could break with established practice, the experts said. According to Bank of America, the Fed never raises rates suddenly. Since 1994, the Fed has never raised rates if the market (as indicated by rate futures) estimated the probability of such a decision at less than 60%, experts reported.
Bank's name: Bank Millennium S.A.
Address: ul. Stanislawa Zaryna, 2A, 02-593, Warszawa
IBAN: PL97116022020000000216711123
SWIFT: BIGBPLPW
Name of the account holder: Fundacja “KARTA ‘97”
Purpose/title of payment: Donation for statuary aims
You can contact us by the e-mail charter97@gmail.com
