📊 Fear & Greed index today: 44 – Neutral

👉 Bad news for the Crypto market. Be careful as prices may run ahead of the news, don't fomo!

🔥 Minutes of the FOMC meeting in July 2025 – key points:

- Most members at the Fed meeting on July 29–30 believe that maintaining the reference interest rate in the range of 4.25%–4.50% is appropriate.
- Members noted that it takes time to clarify the extent and sustainability of the inflation impact from higher tariffs.
- The impact of tariffs has become more pronounced in commodity prices, but the overall impact on the economy and inflation remains unclear.
- Some members believe we cannot wait for complete clarity on the impact of tariffs before adjusting monetary policy.
- Some members commented that the current interest rate may not be much higher than the neutral level.
- A few members emphasized the role of the standing repo facility in implementing monetary policy and supported further research on the SRF payment center.
- The Fed's real GDP forecast for the period 2025–2027 is similar to the forecast made at the June meeting.
- Members stated that the consensus statement will be designed to fit various economic conditions.
- Members noted that the policy committee is nearing completion of the revision of the consensus statement as part of the policy review.
- The minutes show that the opposing members were the only ones supporting a rate cut in the July meeting
#Fed #FOMCMinutes