Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
US Job Growth Seen Picking Up in July 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
The Federal Reserve will hold a meeting today and is thought to take off its interest rate range of between 4.25% and 4.50%. The decision has come as a response to several interest-rate cuts unveiled at the tail end of 2024. That cuts added up to 100 basis points to battle tame inflation, which for long has exceeded the Fed's 2% target.
Economists forecast no short-term rate reductions
Most economists believe that the Fed will make no more cuts at this meeting and 90% believe that the adjustments will be put off until May 2025. Even though the Fed made some rate cuts recently, inflation is a big issue for the Fed, and will only look to make adjustments with clearer signs of economic weakness before it decides on more cuts.
Balancing political and data-driven decisions.
This meeting is significant, especially right after President Trump was reinstated, stating that there should be an immediate need for rate cuts. Still, Fed considerations are likely to be more data-driven rather than being swayed fully by political pressures. People will focus closely on what Fed Chair Jerome Powell might say about inflation and future policy direction at his press conference. Economists will speculate about cuts later in 2025 after any relevant economic indicators might be available.
