Markets are reacting to the Fed’s interest rate decision, which is about as exciting as watching your uncle explain his tax return. 🤯
Summary
- The Fed will maintain interest rates steady—because nothing says ‘we’re in control’ like keeping rates the same as last week. 🎯
- Trump continues to call for lower rates, because nothing says ‘I’m a genius’ like demanding the Fed do exactly what he wants. 🚀
- Tariffs remain a concern for inflation, because nothing says ‘economic stability’ like threatening to tax everything. 🚫
Major U.S. stock indices were up after the expected Fed decision, which was so predictable even your grandma’s parrot could’ve guessed it. 🐦📈 On Wednesday, July 30, the FOMC decided to maintain rates at 4.25% to 4.50%. Low unemployment and still somewhat elevated inflation influenced the decision to postpone a rate cut. Because nothing says ‘we’re experts’ like ignoring the obvious. 🧠💸
Still, the vote was split, with Trump appointees arguing for a rate cut. Because nothing says ‘teamwork’ like two people disagreeing with the rest of the group. ⚖️ Following the decision, Dow Jones was up 0.03%, the S&P 500 rose 0.22%, while the tech-heavy Nasdaq rose 0.46%. Because nothing says ‘excitement’ like a 0.03% increase. 📈
The Fed’s decision comes despite Donald Trump’s ongoing pressure on Fed Chair Jerome Powell to lower interest rates. In a latest post on his social media platform Truth Social, Trump highlighted the 3% GDP growth figures, arguing that it’s now time to lower interest rates. Because nothing says ‘I’m a leader’ like using a number that’s basically a guess. 📊🔥
“‘Too Late,’ MUST NOW LOWER THE RATE,” Trump said in a Truth Social post. “No Inflation! Let people buy, and refinance, their homes,” he added. Because nothing says ‘I’m a visionary’ like yelling at a spreadsheet. 📈💥
Trump threatens new tariffs on India
Along with pressures on the Fed, Trump is also escalating his threats against U.S. trade partners. On Wednesday, the U.S. President threatened that goods from India would be subject to a 25% tariff, following the Friday, August 1, deadline. He also highlighted India’s purchase of Russian military equipment, for which the country will be paying an additional penalty. Because nothing says ‘diplomacy’ like sending a 25% tax bill. 🇮🇳💸
“ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST,” Trump posted. Because nothing says ‘international relations’ like a tax on everything. 🚫💰
Markets are now gaining immunity to Trump’s aggressive trade rhetoric. After securing a major win in trade negotiations with the EU, the focus is now on U.S. talks with China. Because nothing says ‘progress’ like ignoring a man who thinks he’s a CEO. 🚫💼
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2025-07-30 21:29