Fed Ignores Trump’s Plea to Cut Rates: How Will Bitcoin’s Price React?
Main Idea
The US Federal Reserve decided against lowering key interest rates despite President Trump's requests, following a positive GDP report and a 9-2 vote among officials.
Key Points
1. The Federal Reserve officials voted 9-2 against lowering key interest rates, despite President Trump's repeated requests.
2. The decision came after a positive Q2 GDP report showing significant economic rebound in the US.
3. Bitcoin's price stabilized around $118,000 in anticipation of the Fed's decision on interest rates.
Description
Despite US President Donald Trump’s countless pleas, the country’s central bank refused to lower the key interest rates. The question is what will happen to BTC’s price even though this decision was highly anticipated. SUMMARY OF FED DECISION (7/30/2025): 1. Fed leaves rates unchanged for 5th straight meeting 2. Fed voted 9-2 to keep interest rates unchanged 3. Indicators suggest growth of economy moderated 4. Inflation in the US remains “somewhat elevated” 5. Unemployment rate remains low… — Th...
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