Fed Decision on July 29 May Send Shockwaves Through Nasdaq 100

The Federal Reserve (Fed) will announce its next interest-rate decision on July 29, 2026. The decision follows a two-day meeting of the Federal Open Market Committee (FOMC), which sets US monetary policy.

CME FedWatch data as of Friday, July 24, indicated that traders placed about a 62% probability on the Fed keeping its interest-rate target at 3.50% to 3.75%, and about a 38% probability on an increase.

The Nasdaq 100 closed at 28,128.34 on July 24, down 1.15% for the day and about 1.6% over the week. The US 10-year Treasury yield stood at 4.69% on the same date.