2025.6.25 Jin Yuan Reference News

1. Tonight continues: Federal Reserve Chairman Powell's testimony (Senate testimony: Beijing time June 25 (Wednesday) 22:00).

2. British media: The EU is preparing to take more tariff countermeasures to pressure the US.

3. Trump demands that the Big and Beautiful bill be sent to his desk as soon as possible and states that a deal will be completed this week.

4. Senate Republican Leader Thune plans to vote on Trump's Big and Beautiful proposal in the Senate on Friday.

5. Middle East situation -

① Trump believes both Israel and Iran have violated the ceasefire agreement but also states that neither will face consequences for the violations. Trump also backtracked on his statement, saying he does not wish for a regime change in Iran.

② The rise in oil prices since Israel's attack on Iran on June 13 has been completely erased.

③ US media cited preliminary intelligence assessments reporting that the strikes on Iran did not destroy nuclear facilities, which the White House denied.

④ After a phone call between US and Israeli leaders, Israel stopped further military strikes against Iran.

⑤ Iranian President: Iran is ready to engage in dialogue at the negotiating table.

6. Federal Reserve -

① Powell: Current policy is in a favorable position, allowing for a wait-and-see approach before considering interest rate adjustments. Legislators privately say I am right. The vast majority of officials believe that a rate cut later this year is appropriate. It is premature to say the dollar is declining, and statements regarding this claim are too early.

② Bostic: There is currently no need for a rate cut, and a 25 basis point cut is expected later this year.

③ Harker: There is no urgent reason to cut rates at this time. Interest rate policy may remain unchanged for quite some time. There is no need to overreact to funds flowing out of the dollar.

④ Kashkari: The Federal Reserve is in a wait-and-see mode in the face of tariff uncertainties.

⑤ Williams: Tariffs and uncertainties will lead to slower economic growth and rising inflation this year.

⑥ Collins: The current moderately restrictive monetary policy stance is necessary.

⑦ Barr: Monetary policy is in a favorable position, and the Federal Reserve will observe how the economic situation develops. #btc #eth #比特币