Saxo Market Call FOMC pumps USD. Stablecoin developments churn two superstar stocks.
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Jun 19, 2025 The discussion kicks off with insights from the FOMC meeting, revealing concerns about stagflation and the rising strength of the US dollar. There's a dive into economic indicators, highlighting declining unemployment claims alongside geopolitical tensions in the Middle East. Things heat up as stablecoins surge, benefiting Coinbase while dragging down other big stocks. The impact of military strategies on global oil markets is also touched upon, showcasing the interconnectedness of finance and geopolitics.
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Fed Signals Stagflation Risks
- The Fed's projections signal rising stagflation risks with lower growth and higher unemployment forecasts.
- Their policy rate outlook shows a split between no changes or multiple cuts this year depending on recession occurrence.
Surprise USD Strength Post-FOMC
- The US dollar strengthened unexpectedly post-FOMC, reversing the negative dollar consensus.
- Currency ranges remain wide, with key technical levels tested in dollar-yen and euro-dollar.
Housing Market Slump Worsens
- US housing starts plunged to a new low since 2019, signaling growing stress in the housing market.
- This downturn could harm sentiment and consumption if home prices decline further.