Fed Holds Steady, Three Officials Unanimously Vote for a Rate Hike in Rare Joint Action

2026-07-30 by admin

According to Deep Tide TechFlow, on July 30, as reported by Jinshi Data, the Federal Reserve decided to maintain the federal funds rate target range at 3.5% to 3.75% unchanged with a vote of 9 to 3 on July 30 local time. Cleveland Fed President Hammack, Minneapolis Fed President Kashkari, and Dallas Fed President Logan voted in favor of a 25-basis-point rate hike, marking the first time since 2016 that three officials have cast dissenting votes on the same policy direction.

Fed Chairman Walsh stated that inflation pressures cannot be quickly eliminated through simple means, and current financial conditions have tightened. Due to multiple factors such as inflation exceeding the target for five consecutive years, oil prices rising from the Iran conflict, and demand driven by AI infrastructure investment, hawkish pressure within the Fed continues to rise. The market widely interprets this speech as dovish, anticipating further delays in the rate hike timeline. After the meeting, the Dow Jones Industrial Average fell by over 1,100 points, and the 30-year U.S. Treasury yield rose to 5.228%, hitting a new high since 2007.

According to Deep Tide TechFlow, on July 30, as reported by Jinshi Data, the Federal Reserve decided to maintain the federal funds rate target range at 3.5% to 3.75% unchanged with a vote of 9 to 3 on July 30 local time. Cleveland Fed President Hammack, Minneapolis Fed President Kashkari, and Dallas Fed President Logan voted in favor of a 25-basis-point rate hike, marking the first time since 2016 that three officials have cast dissenting votes on the same policy direction.Fed Chairman Walsh stated that inflation pressures cannot be quickly eliminated through simple means, and current financial conditions have tightened. Due to multiple factors such as inflation exceeding the target for five consecutive years, oil prices rising from the Iran conflict, and demand driven by AI infrastructure investment, hawkish pressure within the Fed continues to rise. The market widely interprets this speech as dovish, anticipating further delays in the rate hike timeline. After the meeting, the Dow Jones Industrial Average fell by over 1,100 points, and the 30-year U.S. Treasury yield rose to 5.228%, hitting a new high since 2007.

Deep Tide TechFlow News, July 30th, Samsung Electronics' operating profit for the second quarter was 89.4 trillion won, in line with the previous estimate of 89.4 trillion won; revenue for the second quarter was 171 trillion won, matching the previous estimate of 171 trillion won. Samsung Electronics' net profit for the second quarter was 71.3 trillion won, against a market estimate of 68.5 trillion won. The operating profit of Samsung Electronics' chip division for the second quarter was 89.2 trillion won. (Jin Shi)

PANews July 30 news, according to Gelonghui report, analysts described the Federal Reserve’s decision as a “hawkish hold.” Although a majority of members chose to keep interest rates unchanged, three committee members — Dallas Fed’s Logan, Cleveland Fed’s Hammack, and Minneapolis Fed’s Kashkari — voted to support a 25-basis-point rate hike. Barclays’ Mark Giannoni said: “The FOMC made a ‘hawkish hold’ decision.” “This policy decision was made in the face of significant hawkish resistance, with these hawkish members favoring an immediate rate hike rather than waiting for more data before deciding.” Previously, economists had broadly expected two dissenting votes, and Kashkari’s vote for a hike surprised some. Janus Henderson Investors analyst Daniel Siluk said: “The three dissenting votes in favor of a hike underscore that there is still a sizeable force within the committee that remains concerned about inflation.”

PANews July 30 news, according to Guolonghui reports, Steve Corrano, Chief Investment Officer at Integrated Partners in Waltham, Massachusetts, stated that the Fed’s decision to keep interest rates unchanged this time was in line with market expectations. The biggest change is that compared to the previous meeting, the dissenting votes supporting a rate hike have increased further, with more and more FOMC voters leaning toward raising rates. He believes Warsh’s remarks at the press conference will be key to gauging the future policy direction. However, it should be noted that Warsh is a typical supply‑side economist. If current inflation is mainly supported by rising energy prices, then raising rates can only suppress demand and cannot increase oil supply. Therefore, before core inflation data provides a clearer direction, the Fed’s baseline scenario will still be to wait and see and await more data. Corrano also pointed out that the five working groups previously established by Warsh will release preliminary research results in September and publish final reports in December. In the absence of major unexpected events, this timeline also provides more of a buffer for Warsh to keep rates unchanged in the short term, giving the Fed reason to wait for the relevant research results before deciding on the next policy action.