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federal funds rate 3.75 — 1 page

Reference FOMC Minutes, July 2026 — A 9–3 Hold and a Calendar Fight The July FOMC held rates at 3.50–3.75% on a rare 9–3 vote — Hammack, Kashkari and Logan each wanted a hike. Minutes (Aug 19) also show Chair Warsh floating a cut from eight meetings a year to six. Economy · Aug 20