The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.

Federal Reserve Governor Chris Waller said on Thursday said he favors cutting the Fed's policy rate in July. He also discussed the Fed's balance sheet and why it should continue to pay interest on bank reserves.

Federal Reserve governor Christopher Waller said Thursday that the central bank should consider cutting interest rates at its July meeting, even after a strong June jobs report.

The best savings account rates for July 2025. Depending on the high-yield savings account, ... The federal-funds rate is the interest rate at which banks lend money to one another overnight.

To get the most value out of a CD account right now, savers will want to avoid making these mistakes this summer.

Fixed deposit interest rates in July 2025 remain attractive, with small finance banks offering up to 8.50%, while major banks like SBI and HDFC prioritise safety and steady returns.

The Reserve Bank of New Zealand will leave interest rates unchanged on July 9, a majority of economists polled by Reuters expected, with the median forecast showing just one more 25 basis point cut this year compared with two in a May survey.