US EditionDeposit Tokens Are Not a Payments Breakthrough
- Federal Reserve Chair Jerome Powell testified before Congress on June 25, 2025, reaffirming the Fed’s decision to keep interest rates steady at 4.25%-4.5%.
- Powell cited ongoing economic uncertainty from the Trump administration's tariffs and policy changes as the reason for delaying rate cuts despite inflation easing from mid-2022 highs.
- He characterized the overall economy and job market as strong, noted that inflation remains somewhat above the 2% target, and mentioned that the impact of tariffs on inflation could either be temporary or more lasting.
- Powell indicated that if inflation remains well-controlled, the Federal Reserve may be in a position to reduce interest rates relatively soon, possibly as early as July.
- The Fed’s hold on rates amid caution suggests rate cuts could happen later this year if inflation weakens or the labor market softens, while traders and some officials expect cuts by year-end.
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Tom Lee On Why Fed’s Holding Back While Europe Eases Aggressively: 'That's The Upside Opportunity Into Year End'
Tom Lee, the head of research at Fundstrat Global Advisors, highlighted a crucial factor that could explain why the European Central Bank (ECB) has been able to cut interest rates while the U.S. Federal Reserve (Fed) has not.
·New York, United States
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Coverage Details
Total News Sources15
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
14%
C 71%
14%
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