Market Information Thursday 30 July 2026

The Federal Reserve held its benchmark interest rate steady at 3.50% to 3.75%, with three of twelve Federal Open Market Committee (FOMC) members dissenting in favor of a quarter point hike. Fed Chair Kevin Warsh said the central bank will not waver from its 2% inflation target, adding that over five years of above target inflation cannot be resolved quickly. Markets now expect a possible rate hike in September, depending on upcoming inflation and labor data.

Canadian Prime Minister Mark Carney rejected using export curbs on key resources like oil to retaliate against US tariffs, saying reliability as a supplier matters more. His comments come after President Trump threatened 50% tariffs on Canadian goods including autos, alcohol and dairy unless trade complaints are addressed by August 19. Canadian officials are currently in Washington seeking a comprehensive trade agreement, though Carney said all options remain open if new tariffs proceed.

Japan’s government lowered its economic growth forecast for the fiscal year ending March 2027 to 0.9%, down from 1.3%, as increasing oil prices tied to Middle East tensions weigh on households and businesses. Private consumption and capital expenditure forecasts were also cut, while consumer inflation is now projected at 2.2%. Growth is expected to rebound to 1.1% next fiscal year, with the primary budget balance projected to return to a 1.4 trillion yen surplus.

The 6M Euribor decreased with 3 basis points to 2.68% compared to previous business day. The 10Y Swap increased with 6 basis points to 3.20% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.