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đ US Stock Exchanges Closed.
S&P500: -0.64%
Nasdaq: -0.59%
Dow Jones: -0.60%
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đŁď¸Fed Chair Jerome Powell: â˘I can imagine scenarios ranging from zero to multiple rate cuts this year, depending on how the economy develops. â˘We need more good data. â˘The downside risks to the Fedâs full employment mandate are real right now. â˘There was serious discussion at this meeting about cutting rates. â˘A strong majority at the FOMC meeting supported keeping rates unchanged. â˘A lot of data coming between now and September. â˘I feel good about where we are. â˘We are well positioned to respond to any weakness in the economy. â˘The time to cut rates is approaching. â˘We are not considering a 50 basis point cut right now. #fed #powell #Btc $BTC
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đŁď¸Fed Chair Jerome Powell: â˘A rate cut may be on the table in September. -Reporter: Is the market expecting the Fed to cut rates in September? What do you think? And why aren't you cutting rates today instead of waiting? -Powell: We haven't made any decisions about September, but we can say that we are getting closer to our goal. If everything goes as expected, a rate cut may be possible in September. That's not possible today. #Btc #Fed #Powell $BTC
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đşđ¸The US Federal Reserve ( #Fed ) did not change the interest rate, keeping it steady. đŁď¸Fed: â˘The decision to keep the policy rate unchanged was made unanimously. â˘FOMC members will not cut interest rates until they are certain that the interest rate will reach the 2% target. â˘There has been some progress towards the 2% inflation target in recent months. #Btc $BTC
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đ¨Reminder: đşđ˛The Fed interest rate decision will be announced today at 9:00 p.m. â˘Expectation: 5.50% â˘Previous: 5.50% đşđ¸Fed Chair Jerome Powell will give a speech today at 9:30 p.m. #Btc $BTC
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đŤDonald Trump has started selling limited edition Bitcoin-themed sneakers. #Btc #donaldtrump $BTC
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