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Fed holds rates steady; three officials pushed for a hike

The Federal Reserve kept its key interest rate unchanged Wednesday while three policymakers dissented, urging an increase instead of the cuts sought by President Donald Trump.

Published Jul 29, 2026, 4:39 PM EDT | WFMZZ

The Federal Reserve held interest rates steady Wednesday. Three officials dissented, pushing for a rate increase rather than the cuts President Donald Trump has advocated.