GM #BNB

Summary of comments by Federal Reserve Chairman Powell (July 30, 2025):

1. The current policy stance "puts us in a favorable position"

2. The slowdown in economic growth reflects a slowdown in consumer spending

3. Activity in the U.S. real estate sector remains weak

4. U.S. inflation rate remains "slightly high"

5. Tariffs are driving up prices on some goods

6. Government policies continue to evolve

The Federal Reserve's pause in policy continues!

During the Federal Reserve's interest rate decision:

1. Trump imposes a 40% tariff on Brazil

2. Trump imposes a 50% tariff on imported semi-finished copper

3. Trump imposes a 50% general tariff on imported copper-intensive derivatives

4. Trump states that a "very clear agreement" will be reached with China

5. Trump states that BRICS nations are an attack on the U.S. dollar

6. Trump states that negotiations are ongoing with India!

President Trump announces a trade agreement with South Korea, including:

1. $350 billion investment in the U.S.

2. $100 billion in energy procurement

3. 15% tariff on products imported from South Korea to the U.S.

4. 0% tariff on goods imported from the U.S. to South Korea!

After Powell's press conference, the likelihood of no rate cuts by the Federal Reserve in 2025 surged to 25%.

Kalsh stated that the probability of two rate cuts has decreased from 40% to 33%, while the probability of one rate cut has increased from 24% to 27%!