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Futures
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Launch
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GUSD Minting
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More
Trump's pressure was useless, The Federal Reserve (FED) announced its interest rate decision, maintaining its stance of inaction. The Chinese side made a big move again, reducing its holdings of US Treasuries by 8.2 billion.
Despite being summoned to the White House for a "talking to" more than half a month ago and being publicly criticized for not lowering interest rates as a "mistake," Federal Reserve Chairman Powell remained steadfast during the latest round of monetary policy meeting held in the early hours of June 19, announcing that the target range for the federal funds rate would remain unchanged at 4.25%-4.50%.
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