The Federal Reserve isn’t expected to lower interest rates after the July 30 meeting, but all eyes are on signs of a September cut in the post-meeting statement. Trump’s pressure to cut rates has yet to sway the Fed, sticking to a wait-and-see approach on tariffs impact.

U.S. stock futures edged up before the market open on July 30, with investors waiting for economic data and earnings reports. Key indicators like U.S. GDP, pending home sales, and private payrolls will be released before the Fed decision. Tech giants Meta and Microsoft will report earnings post-market.

At last check, S&P 500 futures were up 0.1%, Dow Jones futures were steady, and Nasdaq futures gained 0.3%. The 10-year Treasury note fell to about 4.33%. The Fed holds eight meetings yearly, with this month’s scheduled for July 29-30, followed by the interest rate announcement and a news conference with Powell.

The benchmark federal funds rate has held steady at 4.25% to 4.5% since December, when the Fed cut rates by a quarter percentage point. The Fed’s stance remains cautious, waiting for more data on the economy before making any changes.

Read more at Yahoo Finance: Trump wants lower interest rates. Will the Fed make cuts? Live updates