The Fed again chose immobility on July 29, 2026, by keeping rates frozen between 3.50% and 3.75%. A decision criticized by Peter Schiff, who denounces a deliberate choice in favor of inflation. But what do the markets think? On Wednesday, July 29, 2026, the U.S. Federal Reserve (FED) once again kept its key interest rates in the range of 3.50% to 3.75%, marking the fifth consecutive meeting without change. The decision was made by a majority of 9 votes to 3, with three notable dissenters: Loretta Mester (Cleveland), Neel Kashkari (Minneapolis) and Lorie Logan (Dallas), who argued for an immediate 0.25% hike. The Fed justifies this status quo by: