The Fed will hold a critical meeting this month and may provide an update on its interest rate policy. The Federal Reserve’s policy meeting on July 28-29 could be one of the most unpredictable interest rate decisions in recent years. According to Wall Street Journal reporter Nick Timiraos, who is referred to as the “Fed’s spokesperson,” the recovery in oil prices, the renewed risk regarding US tariffs, and some Fed officials giving more open signals about interest rate hikes are weakening the market consensus that interest rates will remain unchanged.