The markets are waiting for the Federal Open Market Committee to cut rates, and some economists say it could happen at this meeting. Federal Reserve Chair Jerome Powell said concerns about tariffs and their impact on inflation forced the FOMC to hold rates while trade policy develops. Tony Welch, CIO of SignatureFD, provides his take on the meeting, Powell's press conference, and where the Fed goes from here.
Tony Welch analyzes the Federal Reserve meeting
Thursday, July 31, 2025 11:00 a.m. ET / 8:00 a.m. PT
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