What began as a calm and uneventful Federal Reserve day on August 1 quickly escalated into a full-blown geopolitical and economic disruption. Here’s what unfolded — and why markets are now on high alert 👇
📊 Q2 U.S. GDP exceeded expectations at +3.0%
🏦 The Fed held interest rates steady, as anticipated
🗣️ Chair Powell warned: “Tariff driven inflation is just getting started. We’re staying patient.”
Markets remained steady… until Trump took the stage and flipped the script entirely 🔥
🔻 Trade Bombshells Dropped by Trump:
🇧🇷 40% tariff on Brazilian imports
🔌 50% tariff on all semi-finished copper
🇰🇷 $350B trade pact with South Korea — includes $100B LNG + 15% tariffs
🇮🇳 25% tariff on India, citing ties with Russia
💣 Called Russia and India “dead economies”
🧱 Declared BRICS a threat to the U.S. dollar
🐉 Hinted at a sweeping China trade deal incoming
📉 What started as a routine FOMC day has now become a preview of a global trade war.
🔍 Markets are reacting.
💱 Currency pairs are volatile.
🪙 Bitcoin and crypto markets are watching closely.
📆 August 1 is now a critical turning point for global markets.
🧠 Stay tuned. This is just the beginning.
#TrumpTariffs #Fed #fomc #Cryptowatch $BTC $BNB #BinanceSquare
