CoinDesk Podcast Network U.S. Adds Stronger-Than-Expected 147K Jobs, Will Fed Cut Rates? | COINDESK DAILY
Jul 3, 2025
The U.S. economy added 147,000 jobs in June, pushing the unemployment rate down to 4.1%. This strong job growth raises questions about whether the Federal Reserve will keep interest rates steady. Additionally, the podcast delves into Ripple's ambitious pursuit of a national banking license and its potential impact on the crypto market. There’s also an exciting discussion about the SEC's review of Grayscale’s application to convert its Digital Large Cap Fund into an ETF, which could shake up the investment landscape for cryptocurrencies.
AI Snips
Chapters
Transcript
Episode notes
Strong U.S. Jobs Growth Signals Resilience
- The U.S. economy added a robust 147,000 jobs in June, with unemployment dropping to 4.1%.
- This strong job growth suggests economic resilience despite concerns of recession.
Fed Likely to Hold Rates Steady
- Market watchers view strong job data as a factor for the Fed possibly maintaining steady interest rates.
- Fed Chair Jerome Powell signals patience, emphasizing a solid economy before easing monetary policy.
SEC Reviewing Grayscale ETF Approval
- The SEC staff approved Grayscale's Digital Large Cap Fund conversion to an ETF but commission-level approval is under review.
- The SEC's review highlights regulatory caution around crypto ETF approvals.