BSP Sees Philippine Inflation Easing, Keeps Policy Options Open 
Bank of England Sees Surge in Higher-Risk Collateral 
BOJ’s Himino Signals Timely Rate Hikes as Inflation Risks Rise 
Yen Extends Gains as BOJ Rate Hike Bets Rise 
Fed Chair Warsh Faces Key Jackson Hole Test 
ECB Rate Hike Bets Rise as Inflation Risks Persist 
RBA Debated Rate Hike as Inflation Risks Persist 
Add as a preferred source on Google
The Federal Open Market Committee (FOMC) maintained the federal funds rate unchanged at 3.50% and 3.75% at its July meeting, despite three policymakers' support for a 25-basis-point increase.
The minutes showed the Fed, under Chair Warsh, shifting toward data-driven policy while placing less emphasis on forward guidance. Officials reiterated that inflation remains above 2% and that restoring price stability remains a key priority.
Inflation risks remained elevated as Middle East tensions drove higher energy costs and supply pressures, potentially slowing progress toward the Fed’s 2% inflation target.
However, the minutes did not signal an immediate rate hike, with officials describing growth as solid and the labor market as broadly balanced, despite ongoing uncertainty and downside risks to economic activity.
Beth Hammack, Neel Kashkari and Lorie Logan dissented, backing a 25-basis-point rate hike amid persistent inflation and upside risks.
