# Decisión de tasas de la Fed (FOMC, julio 2026) — 2026-07-29

> Fed holds rates at 3.50%-3.75%; one member dissents for a cut

## DATA
- Actual: 3.50%-3.75% rango objetivo (target range)
- Forecast: 3.50%-3.75% (mantener) rango objetivo (target range)
- Previous: 3.50%-3.75% rango objetivo (target range)
- Surprise vs forecast: inline

## WHAT IT MEANS
In new Chair Kevin Warsh's first meeting, the FOMC voted 11-1 to keep the federal funds rate unchanged at 3.50%-3.75%, the same range held since December 2025. Governor Stephen Miran was the lone dissenter, favoring a 0.25-point cut. The statement noted solid economic growth but inflation still running above the 2% target.

## MARKET IMPACT
US stocks fell as markets priced out an imminent rate cut, the dollar strengthened, and 10-year Treasury yields rose, signaling reduced expectations of near-term easing.

### Affected markets
- US stocks (S&P 500, Nasdaq) ↓ — Los inversores recalibraron expectativas de recortes futuros tras el tono más duro del comunicado y del disenso
- US Dollar (DXY) ↑ — El dólar se fortaleció ante la percepción de tasas altas por más tiempo
- US Treasury yields (10-year) ↑ — Los rendimientos subieron al descartarse un recorte inminente, presionando los precios de los bonos a la baja

## LEARNING
When a central bank 'holds,' the number is only half the story — tone and dissenting votes matter just as much. A dovish dissent (favoring a cut) amid hawkish expectations can move markets more than the headline decision, since it exposes internal disagreement about where policy is headed next.

## META
- Country: US
- Category: central-bank
- Importance: high
- Released at: 2026-07-29T16:04:32.412+00:00
- Source: https://www.forbes.com/sites/tylerroush/2026/07/29/fed-likely-holding-interest-rates-unchanged-today-but-some-dissent-expected/

## DISCLAIMER
Vectorial Economía is descriptive educational information about macro data. Not investment advice. Past market behavior does not guarantee future results.