Five Key Takeaways from the Fed’s June Meeting Minutes
The Fed’s June meeting minutes, which will be released today, contain topics that will be closely monitored for insights into the future of monetary policy.
- Hopes for a July Interest Rate Cut
Fed officials Waller and Bowman, appointed by Trump, have indicated that they will assess the possibility of an interest rate cut at the July meeting. In particular, the view that tariff-driven price increases are temporary supports this cut. This approach is keeping expectations for a short-term interest rate cut alive in the market.
- End of the “Wait-and-See” Period and the Possibility of a September Cut
The minutes are expected to include statements that the path of interest rates will depend on data coming in during the June-August period. The committee’s assumption that the necessary economic data will be available before the end of the summer could pave the way for an interest rate cut in September. This would strengthen investors’ pricing of the first cut in September.
- Interest Rate Cut Threshold Lowering
Although Fed Chair Jerome Powell used a more neutral tone at the June meeting, the minutes may indicate that the committee’s threshold for an interest rate cut has lowered. This suggests that the Fed is now more willing to take the risk of cutting rates.
- Internal Disagreements
At the June meeting, 19 Fed officials expressed differing views. Seven of them did not expect any rate cuts in 2025, while two predicted one, eight predicted two, and two predicted three rate cuts. Analysts will look for clues as to the reasons behind these differences of opinion: What data are the rate cut opponents basing their views on?
- Inflation and Employment Balance
The Fed’s projections suggest that the pace of price increases could accelerate in the remainder of the year but is expected to decline again in 2026. Meanwhile, the minutes may also reveal concerns about vulnerabilities in the labor market.
Ripple Partners with Bank of New York Mellon for RLUSD Stablecoin
Ripple has agreed with BNY Mellon to hold dollar reserves backing its RLUSD stablecoin. This step comes as Ripple’s stablecoin in circulation exceeds $500 million. Ripple has thus begun working with a first-class custody service provider, which will increase institutional confidence.
UK to Require Identity Information from Crypto Users
Starting in 2026, crypto users in the United Kingdom will be required to provide service providers with information such as their full name, date of birth, address, country of residence, and tax number. Those who fail to comply may face a fine of 300 pounds (approximately 408 dollars). HMRC stated that the regulation aims to improve tax compliance.
South Korea Plans to Remove Startup Status for Crypto Companies
South Korea aims to remove the startup status of crypto companies, thereby granting them tax exemptions, access to funds, and regulatory advantages. This change is seen as a sign that the country is moving toward a more innovative approach in the digital finance sector.
Ethereum Co-Founder Lubin: Companies’ ETH Treasuries Are Critical for the Ecosystem
Joseph Lubin stated that holding Ethereum in corporate treasuries is the engine of ecosystem growth. According to Lubin, this strategy provides stability for long-term adoption and directly supports network security.
BTCS Raises Funding Target to $225 Million for Ethereum Accumulation Strategy
BTCS Inc. announced that it has increased its funding target for activities such as Ethereum staking and block production to $225 million. CEO Charles Allen said this strategy minimizes share dilution and enables efficient capital management. The company will share updates on its Ethereum purchases with the public in the coming days.
by Darkex Research – 1 min read
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