US Fed FOMC Meeting July 2025: Date, Time, What To Expect And Live Streaming Details

The United States Federal Reserve is expected to keep the interest rates unchanged following its two-day Federal Open Market Committee (FOMC) meeting that began on Tuesday. The FOMC meeting announcement is expected on Wednesday.

Despite pressure from US President Donald Trump, most Fed officials remain cautious, fearing that high tariffs could derail progress toward the 2% inflation target, according to reports.

The US tariffs are at their highest levels in 90 years, a move that has started to impact consumer prices. In June, the increasing costs of furniture and clothing resulted in the inflation reaching an annualised 3.5% pace, Reuters reported.

FOMC meetings remain in focus of investors, market experts and economists on the potential announcement of rate cuts. If the lending rates are reduced, borrowing becomes cheaper, stimulating economic activity. This can result in inflationary pressures as spending increases. However, Trump, focused on his ‘America First’ policy, wants the Fed to cut the rates, which would result in the US economy taking off like a “rocket”, according to the President.

While the US has entered into a deal with Japan and is making progress with the European Union over tariffs, experts believe that rising prices can derail consumer confidence. According to Chicago Fed President Austan Goolsbee, there could be an "inflation spiral" if households panic.

While Fed Chair Jerome Powell is moving cautiously, he has said that more data points are needed before any potential cuts. The latest unemployment data in the US stands at 4.1%, one of the data points to gauge the strength of the US economy. Other key data insights include tax cuts. Regardless, it is anticipated that this meeting may result in a couple of Federal Reserve governors voicing a rare dissent in support of lowering borrowing costs.

"Considering the clear divergence in the near-term policy outlook between (Fed Governor Christopher) Waller and (Fed Vice Chair of Supervision Michelle) Bowman and the other FOMC participants, we expect both Waller and Bowman to dissent in favor of a 25-bp (basis-point) cut," Nomura Securities analysts were cited as saying by Reuters. The agency predicted the first double dissent from Fed governors since 1993.

Ahead of the Fed policy announcement, the US Commerce Department is expected to report the Q2 economic growth, pushing total output above $30 trillion in non-inflation-adjusted terms for the first time.

The press conference is scheduled to begin on July 30 at 2:30 p.m. ET (12:00 a.m. IST on July 31).

The upcoming FOMC press conference can be watched on the social media handles of the US Fed, including X and YouTube.

NDTV Profit will also live stream the FOMC press conference on its official YouTube channel.

Viewers can visit this link to watch the announcement by Powell: