CNBC's "Fast Money" A Potential Rate Cut In July… And Circle Soars After Stablecoin Bill 6/20/25
Jun 20, 2025
In this discussion, Paul Sankey, an expert in oil market analysis, shares insights on how geopolitical tensions affect oil prices. Steve Leisman dives into the Federal Reserve's debates over potential interest rate cuts, highlighting differing views from key officials. They also explore the implications of a newly passed stablecoin bill and its potential impact on the cryptocurrency market, particularly with Circle’s rising fortunes. Together, they unpack how these elements could reshape the financial landscape this summer.
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Fed's Rate Cut Debate
- The Fed is debating when to cut rates, with some members favoring July and others suggesting fall.
- Economic data and inflation will ultimately guide the Fed's decisions, not just initial statements.
Fed's Mandate: Inflation vs Jobs
- The Fed must act in face of clear job losses, as its dual mandate balances inflation control and employment support.
- Housing inflation easing gives the Fed some relief, but tariffs and inflation expectations remain key focus areas.
Fed's Handcuffs on Mortgage Rates
- Fed's control on mortgage rates via balance sheet runoff limits their ability to ease financial conditions.
- Rate cuts now might only stabilize short-term rates without lowering mortgage costs, constraining the Fed.