Market News: Fed to Hold Rates Unchanged July 29 — 104 Economists Unanimous, 78 Expect No Cuts Through End of 2026

A Reuters poll of 104 economists found unanimous agreement that the Federal Reserve will keep the federal funds rate unchanged at 3.50%-3.75% at the July 29 meeting — the most complete consensus reading ahead of an FOMC decision since the current rate cycle began. Of the 104 economists surveyed, 78 project the Fed will maintain the current rate throughout all of 2026 — consistent with last month's survey where 78 out of 102 economists held the same view, indicating the no-cut-in-2026 consensus has hardened rather than softened despite June's soft CPI print and the 57,000 payrolls miss.