Despite US President Donald Trumps countless pleas, the countrys central bank refused to lower the key interest rates.
The question is what will happen to BTCs price even though this decision was highly anticipated.
SUMMARY OF FED DECISION (7/30/2025):
1. Fed leaves rates unchanged for 5th straight meeting
2. Fed voted 9-2 to keep interest rates unchanged
3. Indicators suggest growth of economy moderated
4. Inflation in the US remains somewhat elevated
5. Unemployment rate remains low…
As The Kobeissi Letter explained, the Federal Reserve officials were mostly against lowering the rates, which is evident by the 9-2 vote.
Interestingly, todays decision by the Fed, although it was expected, comes after a positive GDP report by the US. As reported earlier, the countrys economy rebounded significantly in Q2 after the correction in Q1.
Trump has made numerous calls for the past several months, urging Fed Chair Jerome Powell to lower the interest rates, but to no avail. The POTUS once requested the biggest rate cut in history by three basis points.
After todays Fed decision, Trump reportedly said that he heard the central bank will finally reduce the interest rates during the next meeting in September.
Bitcoins price, which is quite susceptible to the Feds actions, had calmed earlier today at around $118,000 in anticipation of the rate cut decision. Although it experienced some volatility in the hours ahead of the meeting and after the news went out, it now stands close to that level once again.