Top News Focus (2026.07.29)

English summary

### Top News Focus (2026.07.29)

Time: 2026-07-30 07:35:33

Content: 1. The Fed kept rates unchanged as expected, with 1/4 of members dissenting. In the early morning of Thursday Beijing time, the Federal Reserve announced that it would maintain the target range for the federal funds rate at 3.5% to 3.75%, in line with overall market expectations. This is the Fed's fifth consecutive "hold," with the last rate cut dating back to December 2025. Before the decision, market expectations implied about a 30% probability of a 25 basis point hike. The press release stated that the Federal Open Market Committee (FOMC) approved the decision by a vote of 9 to 3. In comparison, the previous meeting's vote was 12 to 0. Warsh emphasized that "the Fed will be committed to achieving price stability" and showed a bit of a "hawkish foot," saying: "Let me reiterate: there is no soft inflation target, no implicit target, and there never will be during this committee's term." 2. South Korea promised to take more measures to stabilize the stock market. ...