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Gross Domestic Product (GDP) was announced as 3.0% on a quarterly basis in the 2nd quarter of 2025.
Expectation: %2.5
Previous period: %-0.5
The Trump administration released a cryptocurrency report. The report did not include details regarding Bitcoin as a strategic reserve.
🇺🇸 President Trump called on Fed Chairman Powell to "immediately lower the interest rate."
Nasdaq has submitted an updated listing application for VanEck's Avalanche ETF.
Bessent: "We do not expect the Fed to lower interest rates today."
Trump: "I do not expect a rate cut from Powell today."
Trump: I heard that the Fed will lower interest rates in September.
Trump: "I think we will make a very fair deal with China."
The Federal Reserve ( kept interest rates steady in the range of 4.25%–4.50%.
At the FOMC meeting, the decision to keep interest rates unchanged was made with 9 votes in favor and 2 votes against. The majority decided to maintain the interest rates.
FED POLICY DECISION SUMMARY
-In its fifth consecutive meeting, the Fed kept interest rates unchanged.
The decision to keep interest rates unchanged was made with 2 votes against 9.
There are signs that economic growth is slowing.
- Inflation in the US is still at a "somewhat high" level.
- The unemployment rate is low and the labor market is in a "strong" condition.
- Waller and Bowman opposed a 25 basis point interest rate cut.
-Although Trump calls for a 300 basis point interest rate cut, the Fed continues to wait.
Investors no longer see a rate cut by the Fed in October as a certainty.