In July 2026, the Federal Reserve held rates at 3.50-3.75% for a fifth straight meeting, but three FOMC members dissented—all preferring a 25bp hike, not a cut. Learn why these dissents signal a shift in Fed policy and what it means for markets now pricing one to two hikes by end-2026. Chapters: 00:00 At the July meeting, three Federal Reserve offic 00:21 Markets flipped with them 00:33 The reason is the same one running through every






