Key Midday Developments on June 19
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1. The Federal Reserve continues to keep interest rates unchanged.
2. Powell: Inflation has consistently remained slightly above 2%.
3. Bitdeer has completed a $330 million convertible bond issuance.
4. Federal Reserve officials still expect a 50 basis point rate cut in 2025.
5. The UK plans to introduce rules limiting banks' crypto asset exposures by next year.
6. Trump: Our interest rates should be two percentage points lower than they are now.
7. Powell: The Fed will cut rates when it is confident that inflation is declining.
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