The Federal Reserve is expected to leave interest rates unchanged despite political pressure, with a potential dissent against the decision raising tension within the committee. Traders and economists anticipate no change in the 4.25-4.50% range, with a 97% probability of no rate change according to Fed Funds futures. The FOMC meeting is scheduled for July 30, with expectations for no rate change but potential dissent from members. The US Dollar Index (DXY) has shown an upward trend recently, with the possibility of breaking above resistance if Chairman Powell doesn’t hint at a September rate cut.

Read more at Investing.com: FOMC Preview: Fed to Hold Despite Political Pressure, Risk of Rare Double