As various projects and trading products in the cryptocurrency market are frequently updated and A-share stablecoin concept stocks continue to rise, the direction of the Federal Reserve’s monetary policy has become another focus of market attention. Golden Finance reported that Paul Eitelman, an investment analyst at Russell, pointed out in his latest report that due to tariffs and geopolitical risks, the Federal Reserve may keep interest rates unchanged throughout the summer.
As the global chief investment strategist of Russell Investments, Eitelman analyzed that Federal Reserve Chair Powell is likely to remain vigilant about the potential risks brought by tariffs and emerging conflicts in the Middle East. He further explained that the Federal Reserve believes that tariffs will exert downward pressure on the economy, but such pressure has not yet been reflected in economic data. Meanwhile, the inflation level has remained relatively stable.
Regarding subsequent interest rate adjustments, Eitelman gave his expectations, “We expect there to be one, or perhaps two, rate cuts before the end of this year.” Previously, there were market views suggesting that the situation in the Middle East was a “major variable” in the Federal Reserve’s decision-making. Foster, a researcher at the Johns Hopkins Center for Financial Economics who once served as a senior advisor to Federal Reserve Chair Powell, said that the Iran conflict “could lead to soaring oil prices, a collapse of market confidence, and even become the trigger for an economic recession.” This week, the Federal Reserve is set to hold an interest rate meeting. The market generally expects that the benchmark interest rate will remain within the range of 4.25% to 4.5% for the fourth consecutive time. The analysis of Russell Investments this time undoubtedly adds a new perspective to the market’s judgment on the direction of the Federal Reserve’s monetary policy. How the Federal Reserve will respond to the complex economic and geopolitical situation in the future is something that all sectors are waiting to see.
Meanwhile, stablecoin concept stocks in the A-share market have continued to show A strong upward trend. On June 16th, Sifang Jingchuang strongly achieved a 20-cm limit-up, Xinghui Entertainment rose by 15%, and related concept stocks such as LAKala, Xiongdi Technology, and Feitian Chengxin followed suit. Previously, on the afternoon of June 16th, the stablecoin concept continued to strengthen. Hang Seng Electronic once hit the daily limit up, and Sifang Jingchuang rose by nearly 15%, reaching a new historical high. On June 11th, Chutianlong rose sharply to the daily limit up, and many related stocks followed suit. With the Hong Kong Stablecoin Ordinance set to come into effect on August 1st, Ant Group plans to apply for A stablecoin issuance license. The development of the stablecoin industry has injected new vitality into related A-share concept stocks, and its subsequent trend is also worth continuous attention.
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