$11.5 trillion asset manager BlackRock predicts the US Federal Reserve will not lower interest rates tomorrow, July 30th. In a weekly report, Blackrock says: “We expect the Fed will hold rates steady this week. We watch for U.S. trade deals as the Aug. 1 deadline approaches and for tariff impacts in Q2 GDP data.

The upcoming Fed meeting and interest rate decision is a big one, as the central bank has been under fire for months for its approach to fighting inflation. The Fed has opted to remain committed to a wait-and-see approach on changing interest rates, garnering heat from the current presidential administration. US President Donald Trump has been publicly bashing Fed Chair Jerome Powell for the Fed’s stalling of cutting rates, even going as far as suggesting Powell should step down.

Currently, interest rates remain at 4.25% to 4.5% despite pressure from the Oval Office. According to Treasury data, the annual inflation rate in the US accelerated for the second consecutive month to 2.7% in June 2025. This marks the highest level since February, up from 2.4% in May and in line with expectations. The rising inflation is a surefire sign that rates shouldn’t be cut just yet; however, the US President and his administration remain adamant that the economy is doing just fine and cuts should come.

Also Read: Dogecoin Falls 15% Ahead Of Fed Announcement: What’s Next?

Last week, US Commerce Secretary Howard Lutnick called for Fed Chair Jerome Powell to resign. The upcoming interest rates announcement will definitely play a role in any decision regarding the current Federal Reserve Chair’s future. However, BlackRock appears certain that interest rates will remain unchanged in July 2025.

$11.5 trillion asset manager BlackRock predicts the US Federal Reserve will not lower interest rates tomorrow, July 30th. In a weekly report, Blackrock says: “We expect the Fed will hold rates steady this week. We watch for U.S. trade deals as the Aug. 1 deadline approaches and for tariff impacts in Q2 GDP data.

The upcoming Fed meeting and interest rate decision is a big one, as the central bank has been under fire for months for its approach to fighting inflation. The Fed has opted to remain committed to a wait-and-see approach on changing interest rates, garnering heat from the current presidential administration. US President Donald Trump has been publicly bashing Fed Chair Jerome Powell for the Fed’s stalling of cutting rates, even going as far as suggesting Powell should step down.

Currently, interest rates remain at 4.25% to 4.5% despite pressure from the Oval Office. According to Treasury data, the annual inflation rate in the US accelerated for the second consecutive month to 2.7% in June 2025. This marks the highest level since February, up from 2.4% in May and in line with expectations. The rising inflation is a surefire sign that rates shouldn’t be cut just yet; however, the US President and his administration remain adamant that the economy is doing just fine and cuts should come.

Also Read: Dogecoin Falls 15% Ahead Of Fed Announcement: What’s Next?

Last week, US Commerce Secretary Howard Lutnick called for Fed Chair Jerome Powell to resign. The upcoming interest rates announcement will definitely play a role in any decision regarding the current Federal Reserve Chair’s future. However, BlackRock appears certain that interest rates will remain unchanged in July 2025.