Keyword → core PCE inflation

Fed July FOMC Decision Due Wednesday — Rate Hold at 3.50%-3.75% Expected, September Hike Risk Keeps Investors on Edge

The Federal Reserve begins its two-day July FOMC meeting Tuesday, with the rate decision set for Wednesday at 2 p.m. ET and Chair Kevin Warsh's press conference at 2:30 p.m. ET. Markets are overwhelming pricing in a hold at 3.50%-3.75%, but analysts warn that Warsh's tone on whether September becomes a live hike meeting could unsettle equities already on edge from Alphabet's AI capex scare. Core PCE data for June is due Thursday, with a monthly print above 0.2% seen as reigniting hawkish rate-hike bets.