👉 Bad news for the Crypto market. Take care, the price moves before the news, don't FOMO!
🔥Minutes of the FOMC from July 2025 – highlights:
- Most members of the Fed meeting on July 29-30 believe that keeping the benchmark interest rate in a range of 4.25% to 4.50% is appropriate.
- Members noted that time is needed to clarify the degree and sustainability of the inflationary impact of higher tariffs.
- The impact of tariffs has become more evident in the prices of goods, but the overall effect on the economy and inflation is still unclear.
- Some members believe that full clarity on the impact of tariffs cannot be expected before adjusting monetary policy.
- Some members comment that the current interest rate may not be much higher than neutral.
- Several members emphasize the role of the standing repurchase agreement mechanism in implementing monetary policy and support further research on the SRF payment center.
- The Fed's real GDP projection for the period 2025-2027 is similar to the projection made in the June meeting.
- Members indicate that the consensus statement will be designed to fit various economic conditions.
- Members highlight that the policy committee is nearly finished reviewing the consensus statement as part of the policy review.
- The minutes show that the opposing members are the only ones who supported the interest rate cut at the July meeting