New Delhi, July 31 -- On July 30, the US Federal Reserve avoided surprising the markets by keeping the federal funds rate unchanged for the fifth consecutive time, in the range of 4.25 per cent to 4.50 per cent.

The US Fed has kept lending rates steady since January 2025 despite the increased risk of inflation due to President Donald Trump's tariff policies. Meanwhile, job market conditions remain healthy.

The Federal Open Market Committee (FOMC) voted 9-2 to keep rates unchanged and stated that it will assess incoming data, evolving outlook, and the balance of risks carefully before taking a decision on rate cuts.

Check our extensive coverage of the US Fed's July meeting here

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