Oh, the Fed just sat back and said, “Nah, no rate cut today,” despite Donald Trump’s dramatic pleas that could make a soap opera look subtle. Can you imagine? Our dear President has been calling in favors like a caffeine-fueled waiter, but the central bank just shrugged. Classic. ☕️
So, what does this mean for Bitcoin? Well, the cryptocurrency’s been playing it cool, hanging around the $118,000 mark like a cat eyeing a lazy nap. After all, crypto and Fed antics go together like gin and tonic—sometimes bubbly, sometimes flat, depending on the mood. Expect some whiplash though, as volatility’s the name of the game in these turbulent economic waters. 🎢
1. Fed decides to keep those pesky rates exactly where they are—what a shocker! (Fifth time in a row, folks.)
2. The vote was almost unanimous—9-2 to keep things cozy.
3. Indicators suggest the economy’s growth is taking a breath—probably tired, like us after a weekend binge.
4. Inflation’s still clinging on like a karaoke singer determined to hit those high notes.
5. Unemployment’s low, which is good if you like your jobs stable—bad if you’re waiting for the next chaos parade.
— The Kobeissi Letter (@KobeissiLetter) July 30, 2025
As our friends at The Kobeissi Letter joyfully pointed out, the Fed was pretty much united in their “no change” stance—probably tired of hearing Trump’s pleas for a rate cut like a broken record at a party. Despite the good GDP news (because no one likes a downer), the Fed kept its cool, leaving Trump to grumble about September possibly being the lucky month for a rate cut. Spoiler: stay tuned.
Meanwhile, Bitcoin remains the rebellious teen of the finance world: volatile, unpredictable, and always in the news. Just a few hours ago, it flirted with $118K, like a diva refusing to settle down. Will it go higher? Who knows! But one thing’s for sure—these economic rollercoasters are never boring. Buckle up! 🎢💸

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2025-07-30 21:16