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Bitcoin (BTC) managed to maintain its footing above the $105,000, but altcoins experienced drastic declines, with some posting double-digit percentage losses for the day.
Manuel
Momentum has been building in favor of earlier Fed rate cuts despite expectations that tariffs introduced by the US administration this year will contribute to faster inflation.
Manuel
The U.S. stock market enters H2 2025 at record highs, but faces key risks: Trump’s tariffs, Fed rate decisions, tech dominance, high valuations, global competition, and rising geopolitical tensions.
Adam
That sort of gain shows up at the pump in price increases that outpace those of crude, and decreases that lag those in the crude market.
Manuel
Central bankers agree the U.S. dollar’s dominance as the global reserve currency remains unchallenged for now. Though interest in alternatives like the euro grows, major structural reforms are needed for real change.
Adam
The greenback’s recovery pressured the common currency, leading it to trade slightly weaker on the day after it touched the highest level since September 2011 earlier in the session.
Manuel
Altcoins such as Ethereum, Solana, and Bitcoin Cash could benefit if capital shifts away from Bitcoin, driven by ETF developments and institutional interest, despite short-term technical pressures and risks.
Adam
Trump’s megabill advances in the Senate, aiming to extend tax cuts, cut clean energy support in favor of fossil fuels, and slash Medicaid spending — leaving millions without healthcare coverage.
Adam
Markets largely shrugged off the “Big Beautiful Bill” despite deep Medicaid cuts and clean energy rollbacks. However, the bill’s math suggests a \$3.26 trillion deficit increase, raising concerns among fiscal conservatives.
Adam
Fed dollar swap lines offer collateralized loans to eligible central banks to ensure dollar liquidity is not an issue for the global financial system.
Manuel
A weaker US dollar boosts international revenue for Caterpillar, Procter & Gamble, and IBM. Rising commodities, onshoring, and bets on AI and quantum tech make these stocks poised to soar in 2025.
Adam
FILE PHOTO: Illustration shows U.S. Dollar banknotes · Reuters By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters)
Owen Li
Jerome Powell confirmed the Federal Reserve would have cut interest rates if not for Trump’s tariffs, which raised inflation forecasts. The Fed remains cautious, awaiting economic data before acting.
Adam
Tesla shares fell nearly 5% after Trump suggested cutting Elon Musk’s federal subsidies, reigniting tensions between them. Musk criticized the government’s spending plans and called for a new political party.
Adam
The Republican-controlled U.S. Senate passed President Donald Trump's tax and spending bill on Tuesday, signing off on a massive package that would enshrine many of his top priorities into law while adding $3.3 trillion to the national debt.
Devin
Bank of England Governor Andrew Bailey expects a gradual decline in interest rates amid persistent inflation and weak growth. Fiscal constraints limit UK options, with tax hikes seen as the likeliest path forward.
Adam
The U.S. and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help India avoid levies imposed by the Trump administration rising sharply next week.
Daniel Carter
Boeing, Walmart, and Tesla reflect 2025's market story: Boeing rises with government support, Walmart faces tariff-driven uncertainty, and Tesla embodies volatility amid political shifts and clean energy tensions.
Adam
Gold rose to $3,350/oz after U.S. manufacturing data showed slight improvement in June. ISM PMI climbed to 49, driven by stronger production, despite weak employment and mixed demand signals.
Adam
Ueda points to 3 components defining inflation dynamics.Rate hike trigger will depend on dynamics of 3 components.BOJ's current policy rate was below neutral, Ueda says.
Thomas