Fed holds interest rates steady despite inflation concerns

The Federal Reserve left its benchmark interest rate unchanged at 3.50% to 3.75% for the fifth consecutive meeting, resisting heavy internal and external pressure to hike rates amid persistent inflation and escalating geopolitical energy shocks.The decision, delivered on July 29, 2026, revealed deep divisions within the central bank and triggered a massive Wall Street selloff.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-daily-brief--6679022/support.Don’t miss our latest episodes! Please follow me to stay updates with fresh news everyday. Let’s keep the support this podcast to serve update news entire the world!