June 26, 2025
Fed's benchmark overnight rate held steady in 4.25%-4.50% range while policymaker projections show two rate cuts still seen in 2025
The Fed withdraws letters stipulating banks seek advance approval to engage in crypto asset activities and urging banks to be wary of crypto-related risks
"I don't think you can ever get used to the sorts of haphazard and flip-flopping that we've seen. It's extreme," a market analyst says
The de-escalation drew an immediate thumbs up from Wall Street, as equity index futures jumped by nearly 2% on the resumption of trading on Tuesday evening
Powell says that economy is slowing in Q1, and can wait for greater clarity
