FameEX Morning Crypto News Recap | July 17, 2025
2025-07-17 04:45:43Fed Official Williams Warns Tariffs Are Inflationary, Opposes Near-Term Cuts
Fed’s Williams opposes a rate cut before the upcoming FOMC meeting, citing inflation risks from Trump’s tariffs. He warns that trade barriers are raising consumer goods prices, with further increases expected.
White House: Trump Weighs Firing Federal Reserve Chief Jerome Powell
White House officials said on July 16 that President Trump is considering firing Federal Reserve Chair Powell, but no exact timeline has been set.
EU Considers Retaliation to US Tariffs, Eurozone Growth at Risk
The French Foreign Trade Bank warned that without an EU-U.S. deal by August 1, the EU will impose countermeasures, with more to follow—likely reducing Eurozone GDP growth in 2025 and 2026 due to escalating trade tensions.
Greeks.live Expert Forecasts Bullish Ethereum Outlook, Focus on $3300 and $3400
Greeks.live macro researcher Adam highlighted strong bullish sentiment in the Ethereum community, with traders expecting continued price rises after the correction. Attention is on key price levels of $3300 and $3400, along with large bullish options positions and deleveraging for market predictions.
Matrixport: Asia Drives Ethereum’s Rise, ‘Crypto Week’ Lifts Market Sentiment
Matrixport's analysis reveals Ethereum has gained 18% this month, with 17% of the increase driven by Asian trading. Over the past week, Bitcoin and Ethereum rose by 8% and 19%, respectively. The 'Crypto Week' and rising policy expectations are boosting market sentiment.
CEO of Bank of America Foresees Progress in Stablecoin Development
On July 16, Bank of America CEO Moynihan shared that the bank has made notable advancements in the stablecoin space. As the second-largest bank in the U.S., Bank of America expects industry-wide progress and the possibility of future collaborations with partners to enhance stablecoin development.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.