The U.S. Federal Reserve opted to maintain its benchmark interest rate range between 4.25% and 4.5%, an action that was widely anticipated by financial markets.
Yesterday, as CryptoPotato reported, over 98% of the trading volume on Polymarket about potential rate cuts was wagering on “no change.” As a crypto investor, I’m keeping an eye on this trend, but it’s important to note that when we look towards September’s FOMC meeting, around 41% of traders anticipate the Fed to lower rates by 25 basis points.
The Federal Reserve’s decision was made under increasing political stress, as President Donald Trump has persisted in making controversial statements about Chairman Jerome Powell, referring to him as “stupid,” just recently.
The Fed holds rates steady. No surprises from the FOMC.
All eyes now on Powell’s speech in 30 minutes for signs of easing.
Simultaneously, Trump pondered: “Can I take on the role as head of the Federal Reserve?” He also expressed his belief that he could perform the duties more effectively than Powell.
— CryptoPotato Official (@Crypto_Potato) June 18, 2025
We’re dealing with an individual who may not be very intelligent. To clarify, you likely won’t make any reductions today. In contrast, Europe has made ten cuts and we’ve made none. I’m unsure of his political affiliations, but he seems to be a politician who lacks intelligence, yet is draining the country’s resources significantly.
In the aftermath of the decision, Bitcoin’s value has generally held its ground, with it now being exchanged near $104,200.
Additionally, it’s noteworthy that the FOMC update contained some extra comments from the organization. Specifically:
- Ups inflation forecast to 3%
- Cuts 2025 GDP forecast to 1.4%
- Sees 50bps in cuts this year
- Rates projected at 3.6% in 2026 and 3.4% in 2027
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2025-06-18 21:27