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This Week In Crypto
19 Jun 2025

JP Morgan Launches JPMD

The Federal Reserve kept the funds rate steady. Meanwhile, the GENIUS bill has passed in the Senate, with Trump seeking to sign the bill ASAP, urging the House to pass the bill quickly. In trending topics, we dive into JP Morgans's crypto initiatives.
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Fed keeps rate unchanged
On June 18, 2025, the Federal Reserve kept its federal funds rate steady at 4.25 %–4.50 %, as expected. The Fed’s forward guidance via its updated dot plot still signals two rate cuts later this year, but with growing dissent: seven of 19 officials now forecast no cuts at all.Despite projections hinting at easing, Chair Powell struck a notably hawkish tone, warning of rising inflation from tariffs and saying the Fed needs to “learn more” before acting.
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