The July Fed meeting kicks off this Tuesday, July 28, and concludes on Wednesday, July 29, with the central bank's latest policy decision.

Oil prices have been volatile recently amid on-again, off-again fighting between the U.S. and Iran. But while crude futures are lower to start Fed week, they're up roughly 20% for July, which is likely to keep headline inflation readings hot in the near term.

This has Wall Street tuned into what Federal Reserve Chair Kevin Warsh and the rest of the Federal Open Market Committee (FOMC) decide for interest rates this time around.

The post-meeting press conference will be a lively one, too, as Warsh gives updates on the changes he's making at the central bank.

The Kiplinger team is reporting live on the July Fed meeting, bringing you the news and expert analysis of what it could mean for the economy and your money. Scroll for the latest updates.

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The stock market trades mixed to start Fed week

Stocks are mixed at midday Monday as market participants weigh falling oil prices and a continued sell-off in semiconductor stocks.

At last check, the blue-chip Dow Jones Industrial Average was up 0.3% at 52,099, boosted by strength in mega caps Microsoft (MSFT) and Alphabet (GOOGL).

But the broader S&P 500 is down 0.04% at 7,408 and the tech-heavy Nasdaq Composite is off 0.2% at 24,924, with heavy losses for Micron Technology (MU) and SanDisk (SNDK) dragging on the indexes.

Over in the bond market, the yield on the 2-year Treasury yield is off 1.5 basis points at 4.316% and the 10-year Treasury yield is 3.2 basis points lower at 4.647%, though both remain near their highest points since early 2025.

- Karee Venema