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Trump looms large over a Fed likely to again defy his call for cuts
President Trump is looming large over the Federal Reserve's policy meeting, even if the central bank does what the market expects and keeps interest rates on hold on Wednesday. Trump and other top White House officials have been hammering Fed Chair Jerome Powell for months over his wait-and-see rate stance and his insistence that more time is needed to assess how the president's tariffs will affect the path of inflation. The president took that message directly to the Fed last Thursday as he toured a $2.5 billion renovation of the central bank's headquarters and confronted Powell in person while the two argued in ... (full story)
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From cnbc.com|Jul 30, 2025It’s been a decade since Ethereum’s inception, and although its native ether token has largely struggled for the last half of it, its future looks brighter than ever. Ether has ...
From ca.news.yahoo.com|Jul 30, 2025A cryptocurrency working group formed by President Donald Trump is set to release a report on Wednesday that is expected to outline the administration's stances on tokenization ...
From @PiQSuite|Jul 30, 2025BANK OF CANADA GOVERNOR TIFF MACKLEM SAYS STRONG CORE MEASURES OF INFLATION HAVE GOT OUR ATTENTION BOC'S MACKLEM SAYS SOME OF THE FACTORS THAT MAY BE CAUSING THAT INCREASE IN CORE INFLATION SHOULD UNWIND BoC's Gov. Macklem: It's hard to be as forward looking as usual when you've got an unusual amount of uncertainty. BoC's Gov. Macklem: Need to set policy considering tariff risks. BANK OF CANADA'S MACKLEM TO REPORTERS: WE ARE GOING TO TAKE OUR DECISION ONE MEETING AT A TIME, WHEN ASKED IF A RATE CUT IS NEEDED BY END OF YEAR #canada #Macklem #InterestRates
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From etftrends.com|Jul 30, 2025There was an extended period of time in bitcoin’s younger years that the cryptocurrency was largely viewed as too volatile to be a buy-and-hold investment. However, it was ...
From @DeItaone|Jul 30, 2025|11 commentsTRUMP: POWELL PROBABLY WONT LOWER RATES TODAY TRUMP TOUTS EU, JAPAN TRADE DEALS TRUMP: REST WILL RECEIVE A 'BILL TRUMP: KEEPING INTEREST RATES HIGH IS HURTING PEOPLE TRUMP: HEAR FED WILL CUT RATES IN SEPTEMBER
From federalreserve.gov|Jul 30, 2025|152 commentsAlthough swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectati FOMC STATEMENT COMPARE: pic.twitter.com/3wayLXzIBa FOMC: VOTED 9-2 FOR FED FUNDS RATE ACTION Fed Governors Waller and Bowman dissented, preferring to lower the funds rate by a quarter of a percentage point. THE FEDERAL RESERVE KEPT ITS BENCHMARK INTEREST RATE STEADY AT 4.25–4.50%, NOTING ELEVATED ECONOMIC UNCERTAINTY, SLOWING GROWTH IN H1 2025, AND PERSISTENT INFLATION. || DESPITE A STRONG LABOR MARKET AND LOW UNEMPLOYMENT, FED GOVERNORS WALLER AND BOWMAN DISSENTED, FAVORING A 25BPS…
