BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
OCBC Raises Gold Price Forecast to $5,600 as Structural Demand and Uncertainty Persist 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
BTC Flat at $89,300 Despite $1.02B ETF Exodus — Buy the Dip Toward $107K? 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
At the Federal Reserve's July meeting, officials kept the federal funds rate at 4.25%–4.50%, but with a historical twist: Governors Michelle Bowman and Christopher Waller broke ranks to support a rate cut, hence creating the first dual dissent since 1993. Subsequent data revealing significant downward corrections in job numbers greatly reinforced their stance; over 250,000 formerly reported jobs from May and June 2025 were eliminated.
The majority of the 18-19 FOMC officials remained focused on inflation issues, especially weighing the effect of President Trump's tariffs on price pressures. Most committee members preferred a conservative approach, recognizing the cooling labor market, and wanted more proof of how these tariffs would impact general economic conditions before modifying monetary policy.
Looking ahead, markets are estimating an 84–85% chance of a rate cut at the September meeting, indicating rising agreement on eventual easing. Particularly given the challenging environment of political pressure and changing economic statistics, the forthcoming Jackson Hole Economic Symposium—where Chair Jerome Powell is scheduled to address—is widely anticipated to offer important views on the Fed's policy stance for the rest of 2025.
