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On July 29, theFederal Reserveannouncedits 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,Kevin Warsh, has emphasized the goal of lowering inflation to 2%, he hasn't outlined a detailed plan.
Earlier, President Donald TrumpcalledWarsh "fantastic" and reiterated that the Fed should lower the rates, "He wants to do the right thing.
I know what he wants to do." But he sharply criticized other Fed officials as "very political" who "perhaps have bad intentions." The president said, "We should have the lowest interest rate in the world, like it used to be 30 years ago." However, the Warsh-led FOMC committee has decided to keep rates steady this time.
Elon Musk warns America will 1,000% go bankrupt and fail as a country Visa CEO discloses dynamic investment plan during earnings call Analysts hike Robinhood stock price target ahead of July 29 earnings Following the Federal Open Market Committee's (FOMC) latest interest rate decision, Bitcoin (BTC) andXRPwere trading at $64,268.33 and $1.08 at the time of writing.
Ethereum(ETH) andSolana(SOL) were trading at $1,917.43 and $73.97.
The Crypto Fear & Greed Index byCoinGlassstood at 28 at the time of writing, reflecting "Fear" among crypto traders.
However, the sentiment has gotten better after weeks of "Extreme Fear" among traders.
Related: XRP falls as China's biggest IPO shakes markets This story was originally published byTheStreeton Jul 29, 2026, where it first appeared in theFederal Reserve & FOMC Newssection.
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| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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