😱😱 Maintains Interest Rate
The FOMC keeps rates at 4.25%-4.50% for the fifth consecutive meeting, despite disagreements from two governors.
Bitcoin briefly fell below $116,000 before stabilizing, showing market resilience to Powell's aggressive stance on inflation risks stemming from tariffs.
Key Factors
Comments from the Federal Reserve in July suggest September as the earliest window for cuts.
Meanwhile, the GENIUS Act introduces stricter oversight on stablecoins, and Trump's task force proposes classifying cryptocurrencies as commodities.
These regulatory changes create obstacles along with the Fed's cautious approach.