On July 29, the Federal Reserve announced its decision on interest rates following its two-day policy meeting.
As expected, the central bank decided to keep the benchmark interest rate unchanged in the 3.50%-3.75% range.
Related: Bitcoin traders brace for Fed’s rate call and inflation this week
Though the Fed’s newly appointed chair,
» Read more about: Markets react to Fed's July interest rate decision »
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President Trump’s signature One Big Beautiful Bill Act (OBBBA) introduced a number of key changes for working Americans and retirees alike. For example, the OBBBA allows certain workers to deduct qualified overtime pay. There’s also a deduction available for qualified tips.
» Read more about: President Trump Threw Social Security Retirees a Bone. Here’s the Fallout »
The Dow Jones Industrial Average tumbled to its worst day of the year Wednesday, falling over 2% after the Federal Reserve left interest rates unchanged as central bank officials have appeared conflicted on how to handle mounting inflation concerns.
Ford Motor Company
Today’s Change
(2.14%) $0.32
Current Price
$15.28
Market Cap
Chip and AI-linked stocks have fallen sharply over the past two trading sessions. South Korea’s Kospi index, dominated by chipmakers Samsung and SK Hynix, suffered one of its steepest declines of the year as investors reassessed the sustainability of AI-related spending (CoinDesk, 29 July 2026).
» Read more about: FTSE 100 Nears Record High While Tech Stocks Sell Off »
If you’re aiming to add some variety to your investment portfolio, don’t overlook gold. It’s often seen as a safe-haven asset: In times of economic or political turmoil, investors turn to gold because it has a long history of holding its value, and is a scarce resource.
» Read more about: The best places to buy gold coins online in 2026 »
Editor’s Note: This page was originally published in January 2023 and has been updated with the latest developments regularly since then.
On 29 July 2026, the market rate for 22 karat gold in Chandigarh stands at ₹12,980 per gram.
» Read more about: Gold Rate Today in Chandigarh (as on 29 Jul, 2026) »
Odds that the Federal Reserve will hike interest rates in September is 51% on Kalshi.
The predictions market platform has investors betting that the FOMC will increase interest rates by a quarter-point 3.75%-4.00% in its September 16 meeting at 51% odds.
» Read more about: Odds of a 25bp hike in interest rates at over 50% on Kalshi »
The Federal Reserve held interest rates steady for the fifth consecutive policy meeting this year, amid a rebound in oil prices driven by renewed tensions in the Middle East.
The central bank voted in a split decision to hold its benchmark interest rate in the range of 3.5% to 3.75%.
» Read more about: Fed holds interest rates steady, but three officials dissent in favor of a hike »
The US Federal Reserve on Wednesday held interest rates in the world’s largest economy steady, with three of the 12 voting policymakers dissenting from the majority decision and calling for a quarter-percentage-point rate hike.
The Fed held its target range at 3.50-3.75% for the fifth straight meeting,
» Read more about: US Federal Reserve holds interest rates steady as three policymakers back hike »
