Odaily reported that Federal Reserve Chairman Walsh stated at the press conference: "Today's three dissenting votes do not fully reflect the substance of the discussions, and the decision we made received overwhelming support. The June core CPI data had a limited impact on the decision-making process. We will communicate with the inflation working group within a few weeks. We have obtained some encouraging inflation data, and we will closely monitor it in the coming period. What matters is the inflation trend. In the period ahead, we will face important decisions." (Jin Shi)

Odaily Planet Daily News: Federal Reserve Chair Walsh reiterated at the outset of the press conference that the Fed remains firmly committed to achieving its 2% year-over-year inflation target. Walsh stated that the committee is unwavering in its pursuit of price stability. In the current environment of uncertainty, refraining from providing forward guidance is a "prudent" approach. He emphasized to reporters that the Fed does not have a so-called "soft inflation target" nor any other implicit target, and the sole inflation target is 2%.

Discussing the overall economic situation, Walsh noted that the U.S. economy has demonstrated "impressive resilience," with the overall development trend remaining positive despite a series of recent shocks. (Jin Shi)

Odaily News: Mark Hackett, Chief Market Strategist at Nationwide Investment Management Group in Philadelphia, commented on the Federal Reserve's interest rate decision: "These dissenting votes could reflect a new trend where committee members show greater independence, no longer deliberately maintaining a unified stance. Previously, Castle Securities released a report calling for a rate hike, so following the announcement of the decision, the market is experiencing a wave of relief rally. Nevertheless, it is still too early to draw conclusions about market trends before Chair Walsh's press conference." (Jin Shi)

Odaily reported that Federal Reserve Chairman Wash stated the Fed engaged in heated discussions around four issues. First, they addressed five-year high inflation; second, they considered recent economic shocks; third, they discussed price increases caused by these shocks; and fourth, they deliberated on monetary policy tools and strategies. (Jin Shi)

Odaily reported that in this interest rate decision, among the five regional Fed presidents with voting rights on the Federal Open Market Committee, three cast dissenting votes: Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan. All three unanimously advocated for a 25 basis point rate hike. This marks the first time since September 2016 that the Federal Reserve has seen three dissenting votes in the same direction during a single policy decision, reflecting a growing internal push for tighter policy.

Federal Reserve Chair Jerome Powell, who supported maintaining the current interest rate, has consistently emphasized the Fed's responsibility to curb inflation. He is expected to be questioned during the press conference at 2:30 AM Beijing time about why he believes maintaining patience remains the most appropriate policy choice at this point. (Jin Shi)

Odaily News: Market expectations indicate that a September rate hike by the Federal Reserve is no longer fully priced in. (Jin10)

Odaily reported: "Fed's mouthpiece" Nick Timiraos: The FOMC voted 9-3 to keep interest rates unchanged. Three regional Fed presidents dissented, advocating for a 25-basis-point rate hike. This marks the first time since 2016 that the Fed has seen three dissenting votes aligned in the same direction during a single policy decision. (Jinshi)

Odaily Odaily reports that after the Federal Reserve's interest rate decision was announced, the three major U.S. stock indexes narrowed their declines, with the Dow falling 1.09%, the S&P 500 dropping 0.15%, and the Nasdaq turning positive.

Odaily reported that the US Fed Funds Rate Decision (Upper Bound) as of July 29 stands at 3.75%, in line with the expected 3.75%, and unchanged from the previous 3.75%. (Jin10)

Odaily Planet Daily reported that the Federal Reserve kept the benchmark interest rate unchanged at 3.50%-3.75%, marking the fifth consecutive meeting where it held rates steady. (Jin Shi)