💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
📌 Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
👉 https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
👉 https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl
#Fed June Rate Decision#
The Federal Reserve held interest rates steady at 5.25%-5.50% at its June 12 2024 meeting. This marked the seventh consecutive pause since the last hike in July 2023. Policymakers signaled a more cautious approach projecting just one rate cut for 2024 down from three cuts forecast in March.
Persistent inflation concerns drove the decision. Recent data including May's CPI showing core inflation at 3.3% annually, fell short of the Fed's 2% target. Chair Powell emphasized needing Greater Confidence inflation is sustainably cooling before reducing rates, adopting a Higher for longer stance. Markets reacted negatively to the reduced 2024 cut outlook.