The Federal Reserve announced to keep interest rates unchanged.

On the 30th local time, the Federal Reserve concluded a two-day monetary policy meeting and announced that it would maintain the federal funds target rate range unchanged at 4.25% to 4.50%. Facing pressure from the Trump administration to lower interest rates, this is the fifth consecutive time that the Fed has decided to keep rates unchanged. Observers believe that the Fed's decision to wait and see earlier this year was due to uncertainty about the new U.S. government's tariff policy, and the current decision to continue to wait and see is mainly to assess the actual impact of the government's tariff policy on prices so far this year. The national economic outlook survey report released by the Fed in mid-July showed that prices in all Federal Reserve districts in the U.S. had risen from the end of May to early July. Some analysts point out that with the relatively stable job market in the United States, the Fed is more inclined to maintain price stability and guard against the risk of domestic price increases and inflation resurging due to tariff policies. Currently, Wall Street generally expects the Fed to cut rates twice this year, with a total cut of 50 basis points. The first rate cut of the year is expected to be in September, with a probability close to 65%.