No Revision to Fed's Policy Statement -- Market Talk

1402 ET - Since the June meeting, Fed officials got a lackluster June jobs report and a cooler set of June inflation numbers. The outbreak of renewed conflict in the Middle East has also pushed up energy prices in July. Despite those evolving dynamics, the Fed's July policy statement is effectively unchanged from the brief memo published after the central bank's June meeting. At the June meeting, the first led by Chairman Kevin Warsh, the Fed trimmed down its statement substantially--and the lack of a meaningful update in July emphasizes the Warsh Fed's reluctance to provide much insight into its deliberations or forward-looking expectations. (matt.grossman@wsj.com; @mattgrossman)

(END) Dow Jones Newswires

July 29, 2026 14:03 ET (18:03 GMT)