Cointime

Cointime

Download App
iOS & Android
Home / Point

Fed Rate Decision to Be Announced on Thursday at 2:00 AM

On July 29, the Federal Reserve's July interest rate decision will be announced on Thursday at 2:00 AM, followed by Chairman Warsh's press conference at 2:30 AM. The market estimates the probability of a rate hike versus holding steady at about 30% to 70%, and has priced in a "hawkish" stance, indicated by one to three officials possibly dissenting in favor of a rate hike. Warsh is also expected to firmly uphold a zero-tolerance policy for inflation exceeding the target. (Jin10)

Comments

All Comments

Recommended for you

  • South Korea's Top Financial Regulator Apologizes Over Leveraged ETF Controversy, Vows to Restore Market Trust

    On July 29, the head of South Korea's primary financial regulatory body publicly apologized over a controversy surrounding single-stock leveraged exchange-traded funds (ETFs). Earlier, some investors and market participants argued that such products had exacerbated market volatility and led to significant losses in investor wealth. Lee Bok-hyun, Chairman of the Financial Services Commission, expressed regret that the regulator had failed to meet public trust in multiple aspects. Lee Chan-jin, head of the Financial Supervisory Service, stated that regulators are doing their utmost to restore market trust.

  • Moonshot AI Raises $3.5 Billion in New Funding Round, Valuation Reaches $35 Billion

    July 29, market news: Moonshot AI has raised $3.5 billion in a just-completed funding round, exceeding expectations, with a valuation of $35 billion. (Jin Shi)

  • SK Hynix Falls Nearly 5% in US Pre-market Trading

    On July 29, SK Hynix fell nearly 5% to $123.71 in US pre-market trading. In the Korean market today, SK Hynix closed down 9.6%, after falling nearly 20% at one point during the session, the largest intraday decline on record, and a 53% retreat from its June high. On the news front, SK Hynix reported results this morning showing that second-quarter operating profit surged 557% year-on-year to 60.5 trillion won, and revenue rose 257% to 79.3 trillion won, both setting quarterly records, but still falling short of analyst expectations. Market concerns deepened over whether AI chip demand can sustain the high valuation.

  • Macquarie: Fed Statement Wording May Shift to Hawkish, Most Likely Rate Hike in December

    On July 29, David Doyle, Head of Economic Research at Macquarie Group, stated that the Federal Reserve will not adjust interest rates at this meeting, but this is the first time this year that the decision appears less clear-cut, with the implied probability of a rate hike from market pricing at around 35%. Powell's wording and the voting situation of committee members will be key. Besides the rate decision itself, the market may also focus on whether any voting members dissented, whether there are changes in the statement wording, and the communication style of Chairman Powell at the press conference. If rates are kept unchanged, dissenting votes are likely, and the number of dissenting votes will depend on the extent to which the statement wording shifts in a hawkish direction. It is still expected that the next policy action will likely be a rate hike, with the most probable timing being December. The description of unemployment in the current statement may become more optimistic. In June, the wording was 'little changed,' but subsequent data showed another slight decline in the unemployment rate. Additionally, the risk of further adjustments to the statement wording is skewed toward a hawkish direction, and a phrase implying a future tightening bias may be added. (Jin10)

  • Government Debt Rankings: US Tops with $40.7 Trillion, Exceeding Sum of China, Japan, UK, and France

    On July 29, based on the International Monetary Fund (IMF) forecast data, a comparison was made of the 30 countries with the highest government debt and the highest debt-to-GDP ratios. In terms of government debt size, the total government debt of the United States is expected to reach $40.7 trillion in 2026, ranking first in the world. This figure exceeds the combined debt of the next-ranking countries: China, Japan, the United Kingdom, and France. In terms of debt-to-GDP ratio, Japan's government debt is expected to account for 204% of its GDP, ranking first.

  • South Korean Financial Authorities to Hold Emergency Meeting This Afternoon

    July 29, according to a South Korean lawmaker: South Korea's finance minister, central bank governor, and head of financial regulatory agency will hold a meeting on Wednesday afternoon.
  • cointime子凡 ·

    Crypto Market Makers Seek Transformation: Why Can DMDAO, as a Distributed Market-Making Protocol, Break Through Against the Trend?

    Crypto Market Makers Seek Transformation: Why Can DMDAO, as a Distributed Market-Making Protocol, Break Through Against the Trend?

  • BTC Breaks Through $64,000

    Market data shows that BTC has broken through $64,000, currently trading at $64,003.81, with a 24-hour increase of 0.82%. The market is experiencing significant volatility; please exercise risk control.

  • US Spot Bitcoin ETF Net Outflow of $49.7M Yesterday

    On July 29, according to Farside Investors monitoring data, the US spot Bitcoin ETF saw a net outflow of $49.7 million yesterday.

  • US Spot Ethereum ETF Sees Net Inflow of $9.4 Million Yesterday

    On July 29, according to monitoring data from Farside Investors, the US spot Ethereum ETF had a net inflow of $9.4 million yesterday.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company