This is arguably the most important week of the third quarter for the stock market. In addition to it being the busiest week of earnings season, the Federal Reserve weighed in on interest rates, inflation, and the state of the American economy today, July 29.
While earnings reports have undeniably played a role,
It handily beat analyst estimates on both the top and bottom lines.
Investors didn’t even mind a cut in adjusted net income guidance.
One of these enterprises was Biogen(NASDAQ: BIIB),
» Read more about: Why Biogen Stock Topped the Market Today »
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There are millions of retired Americans today who rely on Social Security to make ends meet. And there are also millions of working Americans who pay into Social Security each year by having their wages taxed.
Despite the fact that Social Security takes in loads of money each year by taxing workers’ paychecks,
» Read more about: 184.7 Million People Paid Into Social Security in 2026: Why it Isn’t Enough »
Federal Reserve holds interest rates steady amid inflation concerns
The Federal Reserve voted to keep interest rates unchanged, with three officials dissenting due to persistent inflation concerns.
WASHINGTON —
The Federal Reserve voted 9-3 on Tuesday to hold interest rates steady,
» Read more about: Federal Reserve holds interest rates steady amid inflation concerns »
Discover how stock options work, including trading parameters, call and put options, and practical examples to enhance your investment strategy.
» Read more about: Understanding Stock Options: Trading Basics and Practical Examples »
A television station broadcasts Kevin Warsh, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting as a trader works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, July 29, 2026.
Michael Nagle | Bloomberg | Getty Images
U.S.
By PAUL WISEMAN, AP Economics Writer
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favor of higher rates as the central bank wrestles with how to deal with persistently high inflation.
The Fed’s rate-setting committee reached its decision after two days of deliberations,
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.
People walk by the New York Stock Exchange (NYSE) on July 23,
Gold prices in Chennai witnessed a decline on March 9 as investors were worried that rising inflation due to a spike in crude oil prices in making the US Federal Reserve cautious on rate cuts.
Lower interest rate environment tends to increase the appeal for non-interest yielding bullion.
» Read more about: Gold Rate Today in Chennai (as on 29 Jul, 2026) »
The Dow gained 9% in the first six months of the year, the best first-half since 2021, while AI hype fueled major gains in the Nasdaq 100.